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BNP Paribas Public Sector SCF Outlook Revised To Stable: Ratings Affirmed; Outlooks Corrected Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW On April 18, the outlook on all of the then outstanding covered bond series of BNP Paribas Public Sector SCF should have been revised to negative, as a result of our revised outlook the United States of America. However, due to an error, we omitted to place series 2 and series 3 on negative outlook in our systems. We have updated our rating approach to this particular covered bond program, and have therefore revised the outlook on all outstanding series back to stable. At the same time, we have affirmed the ratings on all series upon assigning ratings to the new issuance of series 4. PARIS (Standard & Poor's) June 10, 2011--Standard & Poor's Ratings Services today revised its...
Companies mentioned in this report are: BNP Paribas Public Sector SCF
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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