Structured Finance RMBS
Outlook: No Trend
Action date: 05/04/2020
Rating action: Affirmed


Series A bonds have been issued by BBVA RMBS 16 FT, a static securitisation Fund established on May 9th, 2016 . The Series A issued by the fund and the Loan B granted by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) were used to finance the acquisition of a pool comprising first-lien residential mortgage loans granted to individuals located in Spain. The mortgage loans were originated by BBVA, and are backed by residential properties located in Spain. Additonally, BBVA granted a subordinated loan to finance the Reserve Fund. Europea de Titulización, S.A., SGFT is the trustee of the transaction. BBVA acts as Servicer of the loans.


ISIN: ES0305132005
Date last rating: 05/04/2020
Date first rating: 05/10/2016