On November 2, 2020, S&P Global (China) Ratings assigned its AAAspc(sf) ratings to the Class A-1, Class A-2 and Class A-3 notes (senior notes) issued by CCB Trust Co. Ltd. as trustee of the Jianyuan 2020-10 Residential Mortgage Backed Securities.
List of Ratings:
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:
Commentary: Understanding Our Approach to China Residential Mortgage-Backed Securities
China Residential Mortgage Market Credit Performance Outlook 2020
Coronavirus: Understanding the Known Unknowns
The Journey Ahead: A Look At China’s RMBS Sector (First Edition)
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:
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Jiarong Li, Beijing; jiarong.li@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
