S&P Raises Metrofinanciera Loan Trust Concerns

S&P Raises Metrofinanciera Loan Trust Concerns


S&P has put its BBB+ rating on Mexico's Metrofinanciera Construction Loan Trust #650's notes series 2007-1 on CreditWatch with negative implications. The notes are backed by construction bridge loans originated and serviced by Metrofinanciera. “The CreditWatch placement reflects the current portfolio, which is not performing as we had expected when we assigned the original rating,” says the agency. “Specifically, this series shows high delinquency levels that could potentially reduce the credit

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