Securitised Australian Mortgage Trust 2008-2 Class A Notes Rating Affirmed

Stocks and Financial Services Press Releases Wednesday June 20, 2018 09:49
MELBOURNE--20 Jun--S&P Global Ratings

MELBOURNE (S&P Global Ratings) June 20, 2018--S&P Global Ratings today affirmed its rating on the class A residential mortgage-backed securities (RMBS) issued by Perpetual Trustee Co. Ltd. as trustee for Securitised Australian Mortgage Trust 2008-2.

The rating affirmation follows the acquisition of approximately A$351 million of residential mortgage assets into Securitised Australian Mortgage Trust 2008-2, which will be funded by further note issuance. This takes the total amount of class A notes to A$677.7 million. Through the top-up mechanism in the transaction documents, the trustee can issue new notes to fund the acquisition of additional loans into the trust.

The rating affirmation reflects the following factors: