- Language: English
- Published: July 2012
- Region: Italy
Ratings Assigned In EMILRO Collection Services S.r.l. ABS Trade Receivables Transaction Sep 09
- Published: September 2009
- Standard & Poors
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Research type: News
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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
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EMILRO Collection Services S.r.l.