Su Casita at Risk of Downgrade

Su Casita at Risk of Downgrade


Moody’s has put the Baa1 rating of Hipotecaria Su Casita’s Construction Loan Trust Variable Funding Notes, series 2005-1 cross-border securitization on review for possible downgrade. The agency says that challenging trends in the Mexican home construction sector are more severe for transactions that are still in the revolving stage and that have concentrations of housing developments targeting the higher-end and tourist sectors. These challenging trends, says Moody’s, increase extension risk, or

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