On June 24, 2020, S&P Global (China) Ratings assigned its AAAspc(sf) ratings to the class A-1, A-2, A-3 and B notes (Senior Notes) issued by CCB Trust Co. Ltd. as trustee of the Jianyuan 2020-2 Residential Mortgage Backed Securities.
List of Ratings:
Class Rating
A-1: AAAspc(sf)
A-2: AAAspc(sf)
A-3: AAAspc(sf)
B: AAAspc(sf)
Subordinated Not rated
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Rating Action: Jianyuan 2020-2 RMBS Senior Notes Assigned AAAspc(sf) Preliminary Ratings, June 15, 2020
Presale: Jianyuan 2020-2 Residential Mortgage-Backed Securities, June 15, 2020
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
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.com
Michelle Lei, Beijing, (86) 10-6569-2961; michelle.lei@spgchinaratings.cn
Analyst Contacts:
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Heming Yu, CFA, Beijing; heming.yu@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
Jiarong Li, Beijing; jiarong.li@spgchinaratings.cn
