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BULLETIN: No Change To Rating On Regency Markets U.S. ABCP Program After Structural Changes Product Image

BULLETIN: No Change To Rating On Regency Markets U.S. ABCP Program After Structural Changes

  • ID: 1781792
  • June 2006
  • Region: United States
  • 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
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.
Action: Bulletin

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