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21/01/2021 - Scope Ratings GmbH
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Scope publishes the rating report for Titan SPV S.r.l. - Italian NPL ABS
Scope Ratings publishes its rating report on Titan SPV S.r.l., a cash securitisation of a EUR 335m portfolio of Italian non-performing leases originated by Alba Leasing S.p.A., Banco BPM S.p.A. and Release S.p.A.
The transaction is a cash securitisation of a static Italian non-performing leases multi-originator portfolio of EUR 335m by gross book value.
The report contains Scope's credit analysis regarding the rating assigned to the class A notes.