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S&P Assigns Preliminary Ratings to Orio Finance No. 3 Italian RMBS.

Publication: PR Newswire
Publication Date: 07-MAR-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LONDON -- Standard & Poor's said today that it assigned its preliminary ratings to the EUR445 million residential mortgage-backed floating-rate notes to be issued by special-purpose entity Orio Finance No. 3 PLC (see list below).

The collateral backing the notes consists of two types of asset. The first is an RMBS note representing a pool of first-ranking mortgage loans that are secured over residential properties located primarily in northern Italy and were originated Banca Popolare...

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