Fitch: Homeloans Merger to Have No Impact on RESIMAC RMBS Deals <Origin Href="QuoteRef">HOM.AX</Origin>

(The following statement was released by the rating agency)SYDNEY, July 28 (Fitch) Fitch Ratings says that the proposed merger between RESIMAC Limited (RESIMAC) and Homeloans Limited (Homeloans) will have no rating impact on the RMBS transactions originated and serviced by RESIMAC. RESIMAC's origination and servicing platform, as well as its systems and procedures will not change, and RESIMAC will continue to manage the existing transactions. On 20 July 2016, RESIMAC announced it is entering a Scheme Implementation Agreement with Homeloans under which the latter will merge with RESIMAC. Existing RESIMAC shareholders are likely to hold 72.5% of the merged entity, and existing Homeloans shareholders will hold the rest. The board of the merged group will comprise two directors appointed by Homeloans and three directors appointed by RESIMAC, according to the announcement.The current ratings are as follows: RESIMAC Triomphe Trust - RESIMAC Premier Series 2012-1:Class A1-R notes 'AAAsf'; Outlook Stable;Class A2 notes 'AAAsf'; Outlook Stable; Class AB notes 'AAAsf'; Outlook Stable.RESIMAC Triomphe Trust - RESIMAC Premier Series 2013-1:Class A2-R notes 'AAAsf'; Outlook Stable;Class A3 notes 'AAAsf'; Outlook Stable; Class AB notes 'AAAsf'; Outlook Stable.RESIMAC Triomphe Trust - RESIMAC Premier Series 2014-1:Class A1 notes 'AAAsf'; Outlook Stable; Class A2 notes 'AAAsf'; Outlook Stable; Class AB notes 'AAAsf'; Outlook StableRESIMAC Triomphe Trust - RESIMAC Premier Series 2015-1:Class A notes 'AAAsf'; Outlook Stable;Class AB notes 'AAAsf'; Outlook Stable; RESIMAC Triomphe Trust - RESIMAC Premier Series 2016-1:Class A1 notes 'AAAsf'; Outlook Stable;Class A2 notes 'AAAsf'; Outlook Stable;Class AB notes 'AAAsf'; Outlook Stable; RESIMAC Bastille Trust - RESIMAC Series 2013-1NC:Class A1 notes 'AAAsf'; Outlook Stable;Class A2 notes 'AAAsf'; Outlook Stable;RESIMAC Bastille Trust - RESIMAC Series 2015-1NC:Class A1 notes 'AAAsf'; Outlook Stable; andClass A2 notes 'AAAsf'; Outlook StableContacts: James Zanesi Director +61 2 8256 0306 Fitch Australia Pty LtdLevel 1577 King Street Sydney NSW 2000 Natasha Vojvodic Senior Director +61 2 8256 0350Media Relations: Leslie TanWai Lun WanMedia Relations: Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com.Additional information is available at www.fitchratings.comALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S FREE WEB SITE AT WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE, AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE CODE OF CONDUCT SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. Fitch Australia Pty Ltd holds an Australian financial services licence (AFS licence no. 337123) which authorises it to provide credit ratings to wholesale clients only. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001.