MONTERREY, Mexico--(BUSINESS WIRE)--Link to Fitch Ratings' Report: CEDEVIS 12U
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=671089
Fitch Ratings has published a New Issue Report on CEDEVIS 12U.
On Jan. 27, 2012, Fitch assigned to CEDEVIS 12U a 'AAA(mex)' rating to the senior notes and 'AA(mex)' to the subordinated instrument.
This is the first issuance of the CEBURS program for 2012 which could have a maximum value of 1.1 billion UDIs. This new issuance is part of a MXP 10 billion program authorized by Comision Nacional Bancaria y de Valores (CNBV). This is the biggest placement registered since the CEDEVIS program started in 2004.
As of today, Fitch rates 24 INFONAVIT sponsored transactions under the CEDEVIS program, all of them rated 'AAA(mex)', and backed by 'INFONAVIT Tradicional' mortgage loans. The report provides a detailed up-to-date perspective on key credit characteristics of this issuance, such as the quality of the mortgage portfolio, credit enhancements, underwriting and servicing capabilities of the originator, as well as the financial and legal structure of the transaction.
For more information please refer to the press release titled 'Fitch asigno calificacion 'AAA(mex)' a la primera emision de CEDEVIS del 2012 por parte del INFONAVIT'.
The report and the press release are available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
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