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Briefs: Credit card and mortgage securitisations launched

•    Latitude Australia has launched its first securitisation of credit card receivables for 2018, originated by Latitude Finance Australia and to be known as the Latitude Australia Credit Loan Note Trust - Series 2018-1. S&P has assigned a preliminary rating of AAA (sf) to the A$353.4 million class A1 notes.•    S&P Global Ratings also yesterday assigned preliminary ratings to eight of the nine classes of prime residential mortgage-backed securities to be issued as the Firstmac Mortgage Funding Trust No.4 Series 1-2018. The top three A-class tranches and the A2 tranches all rated AAA (sf), with each subsequent tranche dropping two notches to BB(sf). The top tranche seeks to place notes of US$150 million in a total transaction of around $500 million.

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