May 6, 2021 |
Mexican mortgage REIT Fideicomiso Hipotecario (FHipo) is preparing to issue up to MXN3.5 billion ($144 million) in asset-backed securities (ABSs), according to ratings reports on Wednesday.
Moody's assigned the proposed peso-denominated bonds a Baa1 rating on the global scale and a Aaa.mx rating on the national scale, based on the quality of the portfolio. S&P Global Ratings, meanwhile, gave an mxAAA rating to MXN2.99 billion in 30-year notes, and HR Ratings gave an HR AAA to up to MXN3.5 bi
Mexican REIT puts up a portfolio of low- and middle-income residential mortgages as backing for the new notes