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Article: S&P Asgns Prlm Rtgs in Carifirenze Italian RMBS Deal.
- Article from:
- Business Wire
- Article date:
- December 3, 2002
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Business Editors
LONDON--(BUSINESS WIRE--Standard & Poor's--Dec. 3, 2002--Standard & Poor's Ratings Services said today that it assigned its preliminary credit ratings to the asset-backed floating-rate notes to be issued by special-purpose entity CR FIRENZE MUTUI S.r.l. (see list below).
The notes will be backed by a portfolio of performing mortgages originated by Banca CR Firenze SpA ("Carifirenze") and secured over residential properties, located in the region of Tuscany in Italy.
The preliminary credit ratings reflect:
-- Standard & Poor's analysis performed on the portfolio of assets to be transferred to the issuer;
-- The strong ...