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23/12/2019 - Scope Ratings GmbH
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Scope publishes its rating report on Credico Finance 18 Srl - Italian SME ABS
Scope Ratings publishes its rating report on Credico Finance 18 Srl, a EUR 519.4m cash securitisation of loans extended to SMEs in Italy.
The transaction is a cash securitisation of a static EUR 519.4 portfolio of secured and unsecured loans issued to small- and medium-sized (SME) businesses in Italy. 14 Italian cooperative banks act as originators and servicers.
The report contains Scope's credit analysis regarding the rating assigned to the class A1 and class A2 notes.