Timeshare ABS uncapped

Category: ABS

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LV Tower 52 has launched a US$157m timeshare ABS, marking the firm's first transaction that Fitch has not capped at single-A. Elara HGV Timeshare Issuer 2017-A is backed by 5,309 timeshare loans tied to a single resort in Las Vegas.

Fitch and S&P have rated the US$105.48m class A notes at triple-A, US$31.48m

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