Rating Assigned In Transaction FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1 Nov 10
Standard & Poors, November 2010
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Research type: News
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Abstract
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
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