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Bulletin: Rating Unchanged In Regency Markets No. 1 LLC And Regency Assets Ltd.'s Asset-Backed CP Program After Review
Standard & Poors, May 2009
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) May 29, 2009-Standard & Poor's Ratings Services said today that following a review of the Regency asset-backed commercial paper (ABCP) program, it has made no change to its 'A-1' rating on the program. The rating assigned to the commercial paper (CP) program issued by Regency Markets No. 1 LLC and Regency Assets Ltd. (collectively, Regency) is based on liquidity support equal to at least 100% of CP outstanding (not including defaulted assets), pool-specific and programwide credit support, and a foreign exchange hedging mechanism designed to eliminate any currency exchange risk. Regency's performance has been stable and is on the whole performing well within transaction trigger levels. There have been no key breaches for the client pools...
Companies mentioned in this report are: Regency Assets Ltd.
Action: Bulletin
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