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Banco Continental (Peru) Series 2010-A Diversified Payment Rights Securitization Rated 'A-' Apr 10
Standard & Poors, April 2010
Abstract
OVERVIEW Continental DPR Finance Co. (Banco Continental S.A.) is a securitization of all current and future diversified payment rights (DPRs) in the form of U.S. dollar-denominated Society for Worldwide Interbank Financial Telecommunication (SWIFT) MT100 and MT200 category payment order messages received by Banco Continental. We assigned our 'A-' rating to the series 2010-A loan. The rating reflects our view of the bank's ability to generate the necessary assets to service the transaction for the timely payment of principal and interest and our survivability assessment of Banco Continental, among other factors. NEW YORK (Standard & Poor's) April 27, 2010--Standard & Poor's Ratings Services today assigned its 'A-' rating to Continental DPR Finance Co.'s (Banco Continental S.A.'s) $200 million floating-rate loan series...
Companies mentioned in this report are: Continental DPR Finance Co.,Banco Continental S.A.,Peru (Republic of)
Action: New Rating
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.
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