Expected ratings were assigned by two agencies to ME Bank's second residential mortgage-backed securities (RMBS) transaction of 2012 on September 10. The forthcoming issue, SMHL Securitisation Fund 2012-2, comprises five rated tranches by Standard and Poor's Rating Services (S&P), and three rated and two unrated tranches by Fitch Ratings (Fitch), all denominated in Australian dollars, with aggregate volume of A$500 million (US$518.6 million).