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      THURSDAY, 27/12/2018 - Scope Ratings GmbH
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      Scope publishes the rating report on FT PYMES Santander 14 – Spanish SME ABS

      Scope Ratings publishes the rating report on FT PYMES Santander 14, a EUR 2.3bn true-sale securitisation of a granular portfolio of secured and unsecured loans and credit lines granted to SMEs and individuals in Spain.

      FT PYMES Santander 14 is a cash securitisation backed by a static portfolio of secured and unsecured SME credits originated in the ordinary course of business by Banco Santander SA, Banesto and Banif. The report contains Scope's credit analysis regarding the ratings assigned to the serie A, serie B and serie C notes.

      Click here to access the full rating report.
       

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