European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

USRIG Bearer Notes

Round Hill Real Estate Partners Securitisation S.à r.l., Compartment 1

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Watch UNW 09.07.2021 16.07.2021 04.10.2028
BBB- Outlook STA 23.03.2020 31.03.2020 04.10.2028
BBB- Outlook NEG 21.01.2020 28.01.2020 04.10.2028

News

  • 16.07.2021
    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.
  • 31.03.2020
    CRA confirmed the rating of the bearer bonds of Round Hill Real Estate Partners Securitization S.à r.l., Comp. 1 (XS1880313314) to BBB- and updated the outlook to stable. The bonds securitize "Class A" LP shares of Round Hill Real Estate Partners SCSp - US Residential Income and Growth ("USRIG"). USRIGs investment focus are equity investments in multi-family real estate in the United States of America.
    The primary key rating driver were the updated base case assumptions, based on latest portfolio metrics and the effect of an increased rate of amortization adjustment.
  • 28.01.2020
    CRA updated the outlook of the bearer bonds of Round Hill Real Estate Partners Securitization S.à r.l., Comp. 1 (XS1880313314) to BBB-/negative. The bonds securitize "Class A" LP shares of Round Hill Real Estate Partners SCSp - US Residential Income and Growth ("USRIG"). USRIGs investment focus are equity investments in multi-family real estate in the United States of America.
    The main reason for the update is the slower than expected ramp-up speed.