Inhaberschuldverschreibungen XS1738992202 "Rantum Capital Private Debt Fund II Notes"

News

• 04.04.2023
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 26.07.2022
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 23.07.2021
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 21.07.2020
  Creditreform Rating has set the rating for the bearer bonds with the ISIN XS1738992202, issued by the Universal Securitization Solution III S.A., acting on behalf of its Compartment Securio III-1916-01 to BBB-. The outlook has been set to negative. The issue proceeds of this securitization will be invested in an investment vehicle, which in turn will predominantly invest in secondary and subordinated and unsecured, privately placed loans, granted to small and medium-sized corporates in Germany. Management is carried out by a fund manager based in Germany who has sufficient capacity and management experience. The main reasons for the rating are the results of our simulation of portfolio cash flows including stressed scenarios. The bearer bonds benefit from different credit enhancements, some of which have already been partially built up. In contrast, portfolio diversification is currently less than initially planned. Negative effects from the COVID-19 pandemic are currently not yet quantifiable and, in addition to other effects, have led to a reduction in the rating outlook. According to our calculations, an average view of stressed scenarios results in cash flows that are currently still sufficient to fully return the bonds to the bondholders.
• 05.03.2019
  Creditreform Rating has removed the watch of the bearer-bonds with ISIN XS1738992202, issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1712-01 and has set the rating to BBB / outlook stable. The issue proceeds of this securitisation will be invested in a fund which on his part will deploy the funds to grant predominately secured, unsecured and mezzanine loans to mid-market corporates predominately in Germany. The fund will be managed by a Germany-based manager with sufficient management capabilities. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer-bonds benefit from different credit enhancements, which will partly be funded over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.
• 28.02.2019
  Creditreform Rating has in the context of its methodology review prolonged the additive watch for the bearer bonds with the ISIN XS1738992202 issued by Universal Securitisation Solution S.A., acting on behalf of its compartment Securio 1712-01 and confirmed the rating with BBB-. A final rating decision will be carried out within the ongoing re-rating.
• 01.08.2018
  Creditreform Rating has set the rating of the bearer-bonds with ISIN 1738992202 issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1712-01, to (watch) and is going to review the rating due to a methodology change and in accordance with regulatory requirements. The review is open-ended.
• 04.04.2018
  Creditreform Rating has assigned the rating of the bearer-bonds with ISIN XS1738992202 issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1712-01 to BBB-. The issue proceeds of this securitisation will be invested in a fund which on his part will deploy the funds to grant predominately secured, unsecured and mezzanine loans to mid-market corporates predominately in Germany. The fund will be managed by a Germany-based manager with sufficient management capabilities. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer-bonds benefit from different credit enhancements, which will partly be funded over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.