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Preliminary Rating Assigned In Rabobank's Latest Synthetic CDO of ABS and CDOs Transaction Apr 05 Product Image

Preliminary Rating Assigned In Rabobank's Latest Synthetic CDO of ABS and CDOs Transaction Apr 05

  • Published: April 2005
  • Standard & Poors

Abstract
LONDON (Standard & Poor's) April 28, 2005Standard & Poor's Ratings Services said today that it assigned its 'AAA' preliminary credit rating to the €250 million limited-recourse variable-coupon credit-linked and seven-year euro swap rate-linked notes series 05-03 to be issued by Asset-Backed Obligaties Ltd., an SPE (see list below). Asset-Backed Obligaties was incorporated on Feb. 10, 2004 with limited liability in the Cayman Islands for the purpose of issuing multiple series of notes. It accedes to a $10 billion limited-recourse secured note program that was arranged in 1998 by Rabobank International, part of Coöperative Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland). In this transaction, Rabobank International will transfer a portion of the credit risk associated with a static portfolio of 30 ABS and...

Companies mentioned in this report are:
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)

Action: Preliminary Rating

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- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)

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