CHICAGO, IL (Dec 02, 2011) — U.S. timeshare delinquencies rose during the last quarter as expected yet remain consistent with levels from a year ago, according to the latest timeshare ABS index from Fitch Ratings.
Total delinquencies for third-quarter 2011 (3Q’11) were 3.56%; up from 3.28% in 2Q11. This reflects the seasonal deterioration that takes hold [...]

MONTERREY, Mexico (Nov 04, 2011) — Fitch Ratings has affirmed Grupo Posadas S.A.B. de C.V.’s (Posadas) ratings as follows:
–Local currency Issuer Default Rating (IDR) at ‘B’;
–Foreign currency IDR at ‘B’;
–National scale rating at ‘BB+(mex)’;
–USD200 million senior notes due 2015 at ‘B/RR4′;
–MXN2.25 billion Certificados Bursatiles issuance Posadas08 at ‘BB+(mex)’.
The Rating Outlook has been revised to Negative [...]

CHICAGO, IL (Nov 03, 2011) — Fitch Ratings expects to rate Sierra Timeshare 2011-3 Receivables Funding LLC (Sierra 2011-3) as follows:
–$168,470,000 class A notes ‘Asf’; Outlook Stable;
–$55,710,000 class B notes ‘BBBsf’; Outlook Stable;
–$25,820,000 class C notes ‘BBsf’; Outlook Stable.
Fitch’s stress and rating sensitivity analysis are discussed in the presale report titled ‘Sierra Timeshare 2011-3 Receivables [...]

CHICAGO, IL (Oct 21, 2011) — Fitch Ratings has affirmed Orange Lake Timeshare Trust 2006-A (OLTT 2006-A) as follows:
–Class A notes at ‘AAsf’; Outlook Negative;
–Class B notes at ‘Asf’; Outlook Negative;
–Class C notes at ‘BBBsf’; Outlook Negative.
OLTT was initially subject to an 18-month replenishment period, during which additional collateral was purchased by the trust, subject [...]

CHICAGO, IL (Sep 08, 2011) — U.S. timeshare delinquencies fell again this past quarter, according to the latest index results from Fitch Ratings.
The decline in delinquencies reflects not only the seasonal improvement that timeshare loans typically see in the spring and summer, but also year-over-year improvement. Now within range of historical averages, Fitch expects that [...]

CHICAGO, IL (August 18, 2011) — Fitch Ratings has taken rating actions on the notes issued by various Sierra Timeshare Receivables transactions as detailed below:
Sierra Timeshare 2007-1 Receivables Funding, LLC
–Class A-1 notes affirmed at ‘Asf’; Outlook Stable;
–Class A-2 notes affirmed at ‘Asf’; Outlook Stable.
Sierra Timeshare 2008-1 Receivables Funding, LLC
–Class A-1 notes affirmed at ‘AAAsf’; Outlook [...]

CHICAGO, IL (July 1, 2011) — Fitch Ratings has published an updated Asset-Backed sector specific criteria report for rating U.S. timeshare loan transactions. Although this report updates and replaces the prior criteria report titled ‘Criteria for Rating U.S. Timeshare Loan ABS’ dated June 25, 2010, there are no material changes from the prior report.
The report [...]

NEW YORK (March 15,2011) — Fitch Ratings expects to rate Sierra Timeshare 2011-1 Receivables Funding LLC (Sierra 2011-1) as follows:
–$184,950,000 class A notes ‘Asf’; Outlook Stable;
–$49,750,000 class B notes ‘BBBsf’; Outlook Stable
–$15,300,000 class C notes ‘BB-sf’; Outlook Stable.
Fitch’s stress and rating sensitivity analysis are discussed in the presale report titled ‘Sierra Timeshare 2011-1 Receivables Funding [...]

SAN FRANCISCO, CA (December 30, 2010) — Fitch Ratings upgrades the following South Lake Tahoe Recreation Facilities Joint Powers Authority Community Facilities District No. 2000-1, CA (the district) debt as part of its continuous surveillance effort:
–$4.5 million of property assessment-parcel tax bonds upgraded to ‘AA-’ from ‘A+’.
The Rating Outlook is Stable.
RATING RATIONALE:
–The upgrade reflects the [...]

CHICAGO, IL (October 22, 2010) — Fitch Ratings assigns ratings to Sierra Timeshare 2010-3 Receivables Funding LLC (Sierra 2010-3). The Rating Outlook is Stable for both classes of notes. A full rating list is shown below.
Fitch’s stress and rating sensitivity analysis are discussed in the presale report titled ‘Sierra Timeshare 2010-3 Receivables Funding LLC,’ dated [...]