|
|
 |
|
Viewing report
|
|
|
|
Banco Continental's (Peru) 2008-A Diversified Payment Rights Securitization Rated 'A-' Dec 08
Standard & Poors, Dec 2008
Abstract
NEW YORK (Standard & Poor's) Dec. 31, 2008--Standard & Poor's Ratings Services today assigned its 'A-' rating to Continental DPR Finance Co. (Banco Continental S.A.)'s $250 million floating-rate notes series 2008-A. The transaction 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. Banco Continental's DPRs are a product of its international financial operations, through which it acts as a financial intermediary between foreign payors that send funds to Peruvian entities in Peru. The 'A-' rating reflects Standard & Poor's view of the bank's ability to generate the necessary assets to service the transaction...
Companies mentioned in this report are: Continental DPR Finance Co.,Banco Continental S.A.
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.
|
|
|
|
