Fitch Publishes New Issue Report on CEDEVIS 10-6U.
This MXP3.03765 billion transaction is the fourth transaction of 2010 by Instituto Del Fondo Nacional De La Vivienda Para Los Trabajadores (INFONAVIT). It is denominated in UDIs and it is part of the MXP10.57 billion program authorized by Comision Nacional Bancaria y de Valores (CNBV). As of November 2010, INFONAVIT has issued a total of 26 transactions in the local market, of which 21 are rated by Fitch.
The report provides a detailed and up-to-date perspective on key credit characteristics of this issuance, such as the quality of the mortgage portfolio, credit enhancement, underwriting and servicing capabilities of the originator, as well as the financial and legal structure of the transaction.
On Oct. 15, 2010, Fitch assigned an expected rating of 'AAA(mex)' to the senior notes and a 'AA(mex)' to the subordinated instrument. For more information please refer to the press release titled 'Fitch asigno calificacion AAA(mex) a la cuarta emision de CEDEVIS del 2010 por parte del INFONAVIT'.
The report and the press release are available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: CEDEVIS 10-6U