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Rating Assigned In Transaction FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1 Nov 10
Standard & Poors, November 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.
OVERVIEW We have assigned a 'AAA (sf)' rating to FCT RED & BLACK 2010-1's class A notes. Soci-t- G-n-rale is the originator of the loans securitized in this transaction, which it granted to French small businesses and professionals. MADRID (Standard & Poor's) Nov. 26, 2010--Standard & Poor's Ratings Services today assigned its '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) issued. At the same time, RED & BLACK 2010-1 issued -300 unrated class R residual units (see list below). This transaction transferred to investors the credit risk on a portfolio of loans to small businesses and professionals that the retail network of Soci-t- G-n-rale...
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