Ratings Raised On Six Classes Of Wide Bay Australia Ltd. (WB Trusts) RMBS Notes; Seven Classes Affirmed Aug 12
- Language: English
- Published: August 2012
- Region: Australia
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TOKYO (Standard & Poor's) July 30, 2010--Standard & Poor's Ratings Services today published a Japanese-language report titled "Performance Watch: WBS Funding Company; J-WBS Funding K.K., July 2010". This report is published in accordance with Standard & Poor's surveillance process for this transaction. In the report, Standard & Poor's analyzes industry trends, performance among major mobile operators, and Softbank Mobile's business performance and cash flow. Based on the analysis, we provide our views on the potential impact on the current ratings on the transaction. Standard & Poor's believes that monitoring of actual performance is necessary for business securitization transactions because they are exposed to risks, such as changes in industry trends, deterioration in operations, and other kinds of event risk. As...
Companies mentioned in this report are: J-WBS Funding KK,WBS Funding Co.
Action: General Comment
J-WBS Funding KK,WBS Funding Co.