On 24 July, S&P Global Ratings assigned preliminary ratings for five classes of ME Bank's residential mortgage-backed securities (RMBS) transaction, SMHL Series Securitisation Fund 2018-2 (SMHL 2018-2). Moody's Investors Service assigned its provisional rating to the Class A notes of the deal on 23 July. The transaction has indicative total volume of A$500 million (US$368.8 million).
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