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19/12/2018 - Scope Ratings GmbH
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Scope publishes its rating report on Riviera SPV S.r.l. - Italian NPL ABS
Scope Ratings publishes its rating report on Riviera SPV S.r.l., a static cash securitisation of a EUR 964m portfolio of Italian secured and unsecured non-performing loans originated by Banca Carige S.p.A. and Banca del Monte di Lucca S.p.A.
Riviera SPV S.r.l. is a is a cash securitisation backed by a static portfolio of Italian secured and unsecured non-performing loans worth EUR 964m by gross book value, originated by Banca Carige S.p.A. and Banca del Monte di Lucca S.p.A. The report contains Scope's credit analysis regarding the rating assigned to the class A notes and class B notes.