- Language: English
- Published: December 2011
Preliminary Rating Assigned In Transaction FCT RED & BLACK 2010-1
- ID: 1753480
- November 2010
- Standard & Poors
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OVERVIEW We have assigned a preliminary 'AAA (sf)' rating to FCT RED & BLACK 2010-1's class A notes. Soci-t- G-n-rale is the originator of the loans to be securitized in this transaction, which it granted to French small businesses and professionals. MADRID (Standard & Poor's) Nov. 17, 2010--Standard & Poor's Ratings Services today assigned its preliminary 'AAA (sf)' credit rating to the -1,854.9 million asset-backed floating-rate notes that FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1 (RED & BLACK 2010-1) will issue. At the same time, RED & BLACK 2010-1 will issue -300 unrated class R residual units (see list below). This transaction will transfer to investors the credit risk on a portfolio of loans to small businesses and professionals...
Companies mentioned in this report are: FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1
Action: New Rating
FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1