MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has published a new issue report on TFOVIS 11-2U.
This Unidades de Inversion (UDI) 860 million transaction is the second securitization of 2011 by Fondo de Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (FOVISSSTE). This transaction is denominated in UDIs and is part of the MXP14 billion program authorized by Comision Nacional Bancaria y de Valores (CNBV) in 2011.
The report provides a detailed and up-to-date perspective on key credit characteristics of the TFOVIS 11-2U transaction, such as the quality of the mortgage portfolio, credit enhancement, underwriting and servicing capabilities of the originator, as well as the financial and legal structure of the transaction.
After the rating assignment on Aug. 15, 2011, Fitch affirms TFOVIS 11-2U at 'AAA(mex)'. For more information please refer to the new issue report on TFOVIS 11-2U.
The report and the press release are available at www.fitchratings.com.
Additional information is available at www.fitchratings.com.
Applicable Criteria and Related Research: TFOVIS 11-2U
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=649529
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