Scope downgrades the class A notes an affirmed the Class B notes issued by BCC NPLs 2018 S.r.l., a static cash securitisation of a portfolio of Italian non-performing loan receivables, following a performance review.

The servicer’s upcoming replacement, will not result in a rating action or withdrawal of the current class A and B notes ratings.

Scope Ratings GmbH (Scope) downgrades the Class A notes and affirms the Class B notes issued by BCC NPLs 2018 S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a monitoring review.

No action has been taken on class A and class B notes issued by BCC NPLs 2018 S.r.l. following the monitoring review.

Scope Ratings GmbH (Scope) has reviewed the performance of BCC NPLs 2018 S.r.l., a static cash securitisation of a portfolio of Italian non-performing loans originated by 23 Italian banks.

Scope has reviewed the performance of BCC NPLs 2018 S.r.l., a static cash securitisation of a portfolio of Italian non-performing loans originated by 21 Italian cooperative banks coordinated by Iccrea S.p.A. and 2 banks belonging to ICCREA Banca S.p.A.

No rating action following Scope’s annual performance review of BCC NPLS 2018 S.r.l.

Scope Ratings publishes the rating report for BCC NPLS 2018 S.R.L., a securitisation of Italian non-performing loans originated by members of a cooperative banking group headed by ICCREA Banca

Scope Ratings has today assigned final ratings to the notes issued by BCC NPLS 2018 S.R.L., a static cash securitisation of a EUR 1,046m portfolio of Italian non-performing loans.