Preliminary ratings assigned to AFG's 2020-1 RMBS deal

On 7 July, S&P Global Ratings assigned preliminary ratings to Australian Financial Group (AFG)'s proposed residential mortgage-backed securities (RMBS) deal, AFG Series 2020-1. The deal has total indicative volume of A$350 million (US$244.2 million). ANZ and National Australia Bank, who is the arranger, have been mandated to engage investors.