OREANDA-NEWS. Fitch Ratings says the current rating of its three rated transactions, from the Australian Office of Financial Management's (AOFM) seventh planned sale, reflects the available credit enhancement, stable credit quality and good asset performance of the pools.

The current ratings are listed below (balances as of the latest reporting):

Apollo Series 2009-1 Trust (Apollo 2009-1)
AUD177.3m Class A3 (ISIN AU3FN0008967) rated 'AAAsf'; Outlook Stable.

FirstMac Mortgage Funding Trust Series 2-2011 (FirstMac 2-2011)
AUD87.7m Class A3 (AU3FN0014783) rated 'AAAsf'; Outlook Stable.

RESIMAC Triomphe Trust - RESIMAC Premier Series 2012-1 (RESIMAC 2012-1)
AUD44.4m Class A2 (AU3FN0015772) rated 'AAAsf'; Outlook Stable.

RESIMAC 2012-1 and FirstMac 2-2011 have arrears of 0.14% and 0.87% , below Fitch's Dinkum Index, which measures industry-wide performance (2Q15:1.12%). Apollo 2009-1 has arrears above the Index at 1.18%.

The three transactions have performed within Fitch's expectations, with minimal levels of defaults and losses at less than or equal to 0.07% of the original balance.

All transactions are 100% covered by mortgage insurance, with policies provided by Genworth Financial Mortgage Insurance Pty Ltd (Insurer Financial Strength Rating: A+/Stable) and QBE Lenders' Mortgage Insurance Limited (Insurer Financial Strength Rating: AA-/Stable).

The ratings of all the transactions' notes are independent of downgrades to the lenders' mortgage insurance providers' ratings.