Ratings Assigned To Deutsche Bank SAE's ... - Standard & Poor's

Weighted-average LTV ratio (%) 76.18
Weighted-average seasoning (months) 69.15
Weighted-average term to maturity (months) 317
Floating-rate loans (%) 100.00
Interest-only loans (%) 0.00
LTV--Loan-to-value.
*The legacy pool comprises loans which were originated by DB Credit before
2008, when this origination channel was shut. DB Credit was an entity
100%-owned by Deutsche Bank SAE, which merged with Deutsche Bank SAE in 2009.
Nonresidential Legacy Mortgage Loan Book
Principal balance (EUR) 1,225,710
Total number of loans 20
Average loan size (EUR) 61,285
Weighted-average LTV ratio (%) 42.17
Weighted-average seasoning (months) 82.34
Weighted-average term to maturity (months) 163
Floating-rate loans (%) 100.00
Interest-only loans (%) 0.00
LTV--Loan-to-value.
TOTAL MORTGAGE LOAN BOOK GEOGRAPHIC DISTRIBUTION (%)
Andalucia 13.68
Aragon 1.46
Asturias 0.82
Balearic Islands 1.77
Basque Country 1.96
Canary Islands 2.15
Cantabria 0.32
Castilla-La Mancha 2.93
Castilla-Leon 2.53
Catalonia 29.10
Extremadura 0.80
Galicia 2.05
La Rioja 0.14
Madrid 26.04
Murcia 1.21
Navarra 0.37
Valencia 8.88
Others 3.79
Ratings Assigned To Deutsche Bank SAE's Spanish Mortgage Covered Bonds
Catalonia and Madrid are the regions with the highest concentration (29.10%
and 26.04%, respectively) as the bank's strategy is to be present in big
cities where there is a concentration of affluent clients, like Madrid and
Barcelona.
We assessed the likelihood that the borrowers would default on their mortgage
payments (the foreclosure frequency), and the amount of loss on the subsequent
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