The underlying portfolio of secured and unsecured NPL loans was sold by various Italian banks and is serviced by Guber Banca S.p.A. as special servicer and Prelios Credit Servicing S.p.A. as master servicer.

No action has been taken on class A notes issued by Belvedere SPV S.r.l. following the monitoring review.

Scope downgrades the Class A note issued by Belvedere SPV S.r.I., a static cash securitisation of Italian non-performing loans.

Scope Ratings GmbH (Scope) downgrades the Class A notes issued by Belvedere SPV S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a monitoring review.

Scope Ratings GmbH (Scope) downgrades the Class A notes issued by Belvedere SPV S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a performance review.

Scope has reviewed the performance of Belvedere SPV S.r.l., a multi-originator, static cash securitisation of a portfolio of Italian non-performing loans.

No rating action taken following Scope’s annual performance review of Belvedere SPV S.r.l.

Scope Ratings states that the introduction of a ReoCo will not, in and of itself, result in a reduction or withdrawal of the current ratings of the Class A notes.

Scope Ratings publishes the rating report for Belvedere SPV S.r.l., a securitisation of Italian non-performing loans.

Scope Ratings has today assigned final ratings to the notes issued by Belvedere SPV S.r.l., a static cash securitisation of a EUR 2,541m portfolio of Italian non-performing loans managed by Bayview Italia S.r.l. and Prelios Credit Servicing S.p.A.