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 2020-4 Residential Mortgage Backed Securities on July 30,2020.
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:
Presale: Jianyuan 2020-4 Residential Mortgage-Backed Securities, July 22, 2020
Rating Action: Jianyuan 2020-4 RMBS Senior Notes Assigned AAAspc(sf) Preliminary Ratings
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 Structured Finance Cash Flow Engine
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.com
Analyst Contacts:
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
Heming Yu, CFA, Beijing; heming.yu@spgchinaratings.cn
(Note: This document is prepared in both English and Chinese. The English translation is for reference only, and the Chinese version will prevail in the event of any inconsistency between the English version and the Chinese version.)
