Bendigo and Adelaide Bank is the next home loan provider in the queue to sell mortgage-backed securities, a market in which investors look open to buying new paper every week or so as the market finds its feet once again.The issue, via TORRENS Series 2010-1 Trust, is sized at A$650 million and comprises: A$601 million of Class A notes rated 'AAA/Aaa' with a 2.8 year weighted average life; A$39 million of Class AB notes rated 'AAA' with a WAL of 4.9 years; and A$10 million of Class B notes rated 'AA-' also with a WAL of 4.9 years. As with the TORRENS Series 2009-3 Trust issue last year, which was ultimately upsized to A$1.0 billion from A$0.5 billion, there will be no AOFM participation.Separately, Fitch Ratings affirmed the 'BBB+/F2' issue default ratings and 'B/C' individual rating assigned to Bendigo and Adelaide Bank but lifted the outlook assigned to the long-term IDR to positive from stable. Fitch attributed the outlook revision to improving profitability in the first half of fiscal 2010 (post-GFC) and a focus on retail banking as the merged entity has been reshaped and integrated.