|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings Confirmed On Italian ABS Deal IFIS Collection Services Following Appointment Of New Collection Bank
Standard & Poors, Dec 2010
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.
Abstract
OVERVIEW Deutsche Bank has been appointed as the new collection bank account provider in the IFIS Collection Services transaction. In our opinion, the change of bank account provider does not affect the current ratings on IFIS Collection Services' notes. LONDON (Standard & Poor's) Dec. 14, 2010--Standard & Poor's Ratings Services today confirmed that the appointment of Deutsche Bank SpA as the new collection bank account provider for IFIS Collection Services S.r.l.'s notes will not, in and of itself, affect our credit ratings on these notes. Deutsche Bank SpA has replaced Italy-based Cassa Centrale Banca- Credito Cooperativo del Nord Est SpA, the initial collection bank account provider. We understand that this follows the withdrawal on Oct. 5, 2010 of our credit...
Companies mentioned in this report are: IFIS Collection Services S.r.l.
Action: Bulletin
|
|
|
|
