BULLETIN: No Change To Rating On Regency Markets U.S. ABCP Program After Structural Changes
- ID: 1781792
- June 2006
- Region: United States
- Standard & Poors
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Research type: News
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LONDON (Standard & Poor's) June 21, 2006-Standard & Poor's Ratings Services said today that despite structural changes, there is no change to the 'A-1' rating on the up to $20 billion U.S. ABCP program issued by Regency Markets No. 1 LLC and Regency Assets Ltd. The rating assigned to the CP issued by Regency Markets No. 1 LLC (RML) and Regency Assets Ltd. (RAL) (collectively, Regency), is based on liquidity support equal to at least 100% of CP outstanding (not including defaulted assets), pool-specific and program-wide credit support, a foreign exchange hedging mechanism designed to eliminate any currency exchange risk. A transaction update has been published today to reflect structural changes since the Regency CP program was initially rated on...
Companies mentioned in this report are: Regency Assets Ltd.