Key Points
New Delhi [India], January 6 (ANI): Fitch Ratings has clarified that the proposed changes to the pool composition of Sansar Trust Nov 2023 will not impact its current BBB-(EXP)sf rating..
According to Fitch Ratings, the proposed alterations to the transactions pool were put forth by the involved parties, and the revised pool is a subset of the initially proposed one...
As of December 31, 2023, all loans in the securitized pool were current.. Fitch asserts that the portfolios characteristics align with its Consumer ABS Rating Criteria, given that all loans are provided to individuals...
Parameters such as the default rate, default timing, prepayment rate, recovery rate, and time to recovery, along with the portfolios weighted average yield, were stressed to assess the adequacy of cash flow for timely interest payments and ultimate principal repayment at the existing rating level...
This affirmation by Fitch Ratings provides clarity and stability to investors and stakeholders involved with Sansar Trust Nov 2023, underlining the resilience of the structure despite proposed changes. (ANI)..
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