SMHL Series 2008-1 Fund Class A Notes Rating Affirmed

Stocks and Financial Services Press Releases Wednesday June 20, 2018 16:19
MELBOURNE--20 Jun--S&P Global Ratings

MELBOURNE (S&P Global Ratings) June 20, 2018--S&P Global Ratings today affirmed its 'AAA (sf)' rating on the class A residential mortgage-backed securities (RMBS) issued by Perpetual Ltd. as trustee for SMHL Series 2008-1 Fund.

The rating affirmation follows the redemption of A$250 million in class A bonds and A$30 million in class B bonds using accumulated proceeds from principal collections held in the trust's bank account. This brings the aggregate total amount of class A and class B bonds to approximately A$2.51 billion.

The affirmation reflects: