Progress 2008-1R Trust Class A And Class AB Note Ratings Affirmed

Stocks and Financial Services Press Releases Monday June 25, 2018 12:21
MELBOURNE--26 Jun--S&P Global Ratings

MELBOURNE (S&P Global Ratings) June 25, 2018--S&P Global Ratings today affirmed its 'AAA (sf)' ratings on the class A and class AB residential mortgage-backed securities (RMBS) issued by Perpetual Trustee Co. Ltd. as trustee for Progress 2008-1R Trust.

Progress 2008-1R Trust is a securitization of prime residential mortgages originated by AMP Bank Ltd. The transaction is in its substitution period until October 2026, before which principal collections are retained for the purchase of future assets, as contemplated in the transaction documents.

The affirmations reflect: