Structured Finance RMBS
Outlook: No Trend
Action date: 04/30/2021
Rating action: Upgrade

BBVA RMBS 16 FT

Axesor Rating raises BBVA RMBS 16 FT Class A rating from AA(sf) to AA+(sf) . BBVA RMBS 16 FT is a granular securitization fund with a static pool of first-ranking residential mortgage loans granted to individuals, secured over properties located in Spain and structured under Spanish Legislation. The fund was established with the goal to obtain funding and liquidity. The residential mortgage loans were originated by Banco Bilbao Vizcaya Argentaria S.A ( BBVA ) and assigned to the Fund on May 2016. The legal maturity date is August 17, 2064.

Rating

ISIN: ES0305132005
Solicited
Date last rating: 04/30/2021
Date first rating: 05/10/2016