BEIJING, March 30, 2021-S&P Global (China) Ratings has assigned its AAAspc(sf) ratings to the class A-1, A-2, A-3 and A-4 notes (Senior Notes) issued by Huaneng Guicheng Trust Co., Ltd. as trustee of the Zhaoyin Hejia 2021-1 Residential Mortgage Backed Securities.
List of Ratings:
Class A-1: AAAspc(sf)
Class A-2: AAAspc(sf)
Class A-3: AAAspc(sf)
Class A-4: AAAspc(sf)
Subordinated: Not rated
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Credit Quality Divergence of Domestic Banks Balanced by Government Support Amid COVID-19 | A Study on Credit Quality Differentiation of Domestic Banks in China
The Journey Ahead: A Look At China’s RMBS Sector (First Edition)
Model Applied:
SPG China Ratings Structured Finance Cash Flow Engine
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn
Analyst Contacts:
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
Jiarong Li, Beijing; jiarong.li@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
