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Presale: BPCE Home Loans FCT 2021 Green UoP

S&P Global Ratings has assigned its preliminary 'AAA (sf)' credit rating to BPCE Home Loans FCT 2021 Green UoP's class A notes. At closing, the issuer will also issue unrated class B notes and residual units. BPCE Home Loans FCT 2021 Green UoP is a securitization fund of French prime residential home loans originated by BPCE Group. The issuer is a French securitization fund ("Fonds Commun de Titrisation" [FCT]), which is bankruptcy remote by law.). Our preliminary rating reflects our analysis of the transaction's main features, as well as its exposure to counterparty and operational risks.

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