Announcements

    Drinks

      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      IT0005331472
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      2,918,200,000
      Maturity date
      01/01/2033
      -
      BB+ SF Outlook: None
      BB+ SF Outlook: None
      Latest change
      Downgrade
      02/04/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Stefano Bracchi Lead analyst
      Antonio Casado Committee chair
      Scope downgrades class A notes notes issued by Siena NPL 2018 S.r.l. - NPL ABS

      2/4/2024 Rating announcement EN

      Scope downgrades class A notes notes issued by Siena NPL 2018 S.r.l. - NPL ABS

      Scope downgrades the class A notes issued by Siena NPL 2018 S.r.l., a static cash securitisation of a portfolio of Italian non-performing loan receivables, following a performance review.

      Scope updates on Siena NPL 2018 S.r.l. on a special servicer’s change in control - Italian NPL ABS

      21/12/2023 Monitoring note EN

      Scope updates on Siena NPL 2018 S.r.l. on a special servicer’s change in control - Italian NPL ABS

      The change of control for Prelios S.p.A, parent company of Prelios Credit Solutions S.p.A., based on the information available to Scope, will not in and of itself, result in a rating action or withdrawal of the current ratings of the class A note.

      Scope downgrades class A notes of Siena NPL 2018 S.r.l. - Italian NPL ABS

      4/5/2023 Rating announcement EN

      Scope downgrades class A notes of Siena NPL 2018 S.r.l. - Italian NPL ABS

      Scope Ratings GmbH (Scope) downgrades class A notes issued by Siena NPL 2018 S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a performance review.

      Scope has completed a monitoring review for Siena NPL 2018 S.r.l. - Italian NPL ABS

      10/6/2022 Monitoring note EN

      Scope has completed a monitoring review for Siena NPL 2018 S.r.l. - Italian NPL ABS

      No action has been taken on class A notes issued by Siena NPL 2018 S.r.l. following the monitoring review.

      Scope updates on Siena NPL 2018 after implementation of ReoCo structure - Italian NPL ABS

      23/12/2021 Monitoring note EN

      Scope updates on Siena NPL 2018 after implementation of ReoCo structure - Italian NPL ABS

      Implementation of a ReoCo structure, if carried out based on the draft documentation made available to Scope, will not, in and of itself, result in a rating action or withdrawal of the current rating of the class A notes issued by Siena NPL 2018 S.r.l..

      No rating impact on Siena NPL 2018 after amendment to transaction documents - Italian NPL ABS

      6/8/2021 Monitoring note EN

      No rating impact on Siena NPL 2018 after amendment to transaction documents - Italian NPL ABS

      Scope Ratings announces that certain proposed amendments to the transaction documents will not, in and of themselves, result in a rating action or withdrawal of the current ratings of the class A notes.

      Scope updates on Siena NPL 2018 following the expected disposal of receivables - Italian NPL ABS

      17/6/2021 Monitoring note EN

      Scope updates on Siena NPL 2018 following the expected disposal of receivables - Italian NPL ABS

      Scope Ratings announces that the disposal of a pool of receivables to be entered by the issuer will not, in and of themselves, result in a rating action or withdrawal of the current ratings of the class A notes.

      Scope has completed a monitoring review for Siena NPL 2018 S.r.l. - Italian NPL ABS

      23/4/2021 Monitoring note EN

      Scope has completed a monitoring review for Siena NPL 2018 S.r.l. - Italian NPL ABS

      No action has been taken on class A notes issued by Siena NPL 2018 S.r.l. following a monitoring review.

      No rating impact on Siena NPL 2018 after amendment to transaction documents - Italian NPL ABS

      5/10/2020 Monitoring note EN

      No rating impact on Siena NPL 2018 after amendment to transaction documents - Italian NPL ABS

      Scope Ratings announces that certain amendments to the master and special servicing agreements will not, in and of themselves, result in a rating action or withdrawal of the current ratings of the class A notes.

      Siena NPL 2018 S.r.l. performance continues to support the rating of class A – Italian NPL

      6/5/2020 Monitoring note EN

      Siena NPL 2018 S.r.l. performance continues to support the rating of class A – Italian NPL

      Scope Ratings has reviewed the annual performance of Siena NPL 2018 S.r.l. No rating action is warranted as a result.

      Date Title
      10/05/2018 Rating Report, May 2018