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Preliminary Rating Assigned In Transaction FCT RED & BLACK 2010-1 Product Image

Preliminary Rating Assigned In Transaction FCT RED & BLACK 2010-1

  • ID: 1753480
  • November 2010
  • 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.

Abstract
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

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