S&P: VSE 2016-A VOI Mortgage LLC $393.00 Million Notes Assigned Ratings
The note issuance is an ABS transaction backed by vacation ownership interest (timeshare) loans.
The ratings reflect:The credit enhancement available in the form of overcollateralization, subordination (for the class A notes only), a reserve account, and excess spread; and Vistana Portfolio Services Inc.'s servicing ability and experience in the timeshare market.
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