Cartesian Residential Mortgages 5 S.A.: Presale Report

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the notes to be issued by Cartesian Residential Mortgages 5 S.A. (Cartesian 5 or the Issuer). The Issuer is a securitisation collateralised by a portfolio of prime Dutch residential mortgage loans granted by Venn Hypotheken B.V. in the Netherlands. All of the loans in the portfolio are secured by a first-ranking mortgage right.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
28-Aug-20	Class A Notes	AAA (sf)	--	Provis.-New	EU U
28-Aug-20	Class B Notes	AA (low) (sf)	--	Provis.-New	EU U
28-Aug-20	Class C Notes	A (low) (sf)	--	Provis.-New	EU U
28-Aug-20	Class D Notes	BBB (high) (sf)	--	Provis.-New	EU U

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Cartesian Residential Mortgages 5 S.A.

Class A Notes

Date Issued:Aug 28, 2020
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class B Notes

Date Issued:Aug 28, 2020
Rating Action:Provis.-New
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class C Notes

Date Issued:Aug 28, 2020
Rating Action:Provis.-New
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class D Notes

Date Issued:Aug 28, 2020
Rating Action:Provis.-New
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:EUU

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Cartesian Residential Mortgages 5 S.A.: Presale Report

Summary

Available Documents