Consel SpA an Italian consumer credit company plans to issue Monviso 2013, a €348 million ($454M) securitization deal backed by Italian consumer and personal loans, according to a Standard & Poor’s presale report.

S&P has assigned preliminary ratings of ‘AA+’ to the fixed rate class A notes. At closing, the issuer will retain €221.60 million of unrated class J notes. The deal is expected to close in the next 2 weeks.

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