- Language: English
- Published: July 2012
Ratings Assigned In EMILRO Collection Services S.r.l. ABS Trade Receivables Transaction Sep 09
- Published: September 2009
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
OVERVIEW We assigned ratings to four classes of notes issued by EMILRO Collection Services. The collateral comprises trade receivables originated in the context of factoring activities. LONDON (Standard & Poor's) Sept. 30, 2009--Standard & Poor's Ratings Services has assigned credit ratings to the -100 million senior notes issued by EMILRO Collection Services S.r.l. (see list below). The notes are backed by trade receivables originated in the context of factoring activities by Emilia Romagna Factor SpA (EMILRO; unrated), an Italian-based factoring company. This is the second factoring receivables transaction in Italy that we have rated publically At closing, the issuer issued -100 million 'AAA' rated notes. A deferred purchased price on the securitized trade receivables and a cash reserve funded at...
Companies mentioned in this report are: EMILRO Collection Services S.r.l.
Action: New Rating
SHOW LESS READ MORE >
EMILRO Collection Services S.r.l.
|Electronic||The report will be emailed to you.|