On November 29, 2019, S&P Global (China) Ratings assigned its AAAspc(sf) ratings to the class A-1, A-2, and A-3 notes (Senior Notes) issued by CCB Trust Co. Ltd. as trustee of the Jianyuan 2019-10 Residential Mortgage Backed Securities.
List of Ratings:
Class Rating
A-1: AAAspc(sf)
A-2: AAAspc(sf)
A-3: AAAspc(sf)
Subordinated Not rated
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Rating Action: Jianyuan 2019-10 RMBS Senior Notes Assigned AAAspc(sf) Preliminary Ratings
Presale: Jianyuan 2019-10 Residential Mortgage-Backed Securities, November 20, 2019
Commentary: Understanding Our Approach to China Residential Mortgage-Backed SecuritiesCommentary: China Residential Mortgage Market Credit Performance Outlook 2020
Models Applied:
SPG China Ratings RMBS Credit Model
SPG China Ratings RMBS Cash Flow Engine
Analyst Contacts:
Kan Zhou, Beijing; kan.zhou@spgchinaratings.cn
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
Heming Yu, CFA, Beijing; heming.yu@spgchinaratings.cn
