Market Overview

Fitch Publishes Presale Report on TFOVIS 12-4U

MONTERREY, Mexico--(BUSINESS WIRE)--

Fitch Ratings has published a presale report on TFOVIS 12-4U.

This Unidades de Inversion (UDI) 1,034.1 million transaction is the fourth securitization of 2012 by Fondo de Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (FOVISSSTE). This transaction is denominated in UDIs and is part of the MXP 19 billion program authorized by Comision Nacional Bancaria y de Valores (CNBV) in 2012.

The report provides a detailed and up-to-date perspective on key credit characteristics of the TFOVIS 12-4U transaction, 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.

For more information please refer to the presale report on TFOVIS 12-4U.

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: TFOVIS12-4U

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=694429

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings
Elsa Segura, +52 (81) 8399.9100
Analyst
Prol. Alfonso Reyes No. 2612, Piso 8
Col. Del Paseo Residencial
Monterrey, Nuevo Leon
Mexico
or
Fernando Padilla, +52 (55) 5202.7302
Director
or
Rene Ibarra, + 52 (81) 8399.9100
Senior Director
or
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

 

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