Bangkok--25 Aug--Standard & Poor's
MELBOURNE (Standard & Poor's) Aug. 25, 2015--Standard & Poor's RatingsServices today affirmed its 'AAA (sf)' rating on the residentialmortgage-backed securities (RMBS) issued by Perpetual Corporate Trust Ltd. astrustee for Portavia Trust No.2 Series 2013-1R.
The rating affirmation follows the acquisition of approximately A$16.8 millionof residential mortgage assets into Portavia Trust No.2 Series 2013-1R, whichwill be funded by further class A note issuance. This takes the total amountof class A notes issued to A$99 million. New notes can be issued by thetrustee to fund the acquisition of additional loans into the trust through thetop-up mechanism in the transaction documents.