- Language: English
- Published: September 2008
- Region: United States
Funding Agreement-Backed Note Issuance Reaches New High in 2004, Report Says Jan 05
- Published: January 2005
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 10, 2005--Funding agreement-backed note and certificate issuance reached $37.6 billion in 2004, according to a report published today by Standard & Poor's Ratings Services. "This is the highest total rated for any year," noted Standard & Poor's credit analyst Gary Martucci. According to the article, which is titled "Funding Agreement-Backed Note Issuance Totals $37.6 Billion For 2004," although issuance for the fourth quarter decreased 23% compared with the fourth quarter of 2003, the total for the entire year is an 8% increase versus 2003. This brings the total of funding agreement/GIC-backed medium-term note and certificate issuance rated by Standard & Poor's since 1997 to $169.0 billion. In 2004, SunAmerica Life Insurance Co. was the...
Companies mentioned in this report are: John Hancock Life Insurance Co.,Metropolitan Life Insurance Co.,SunAmerica Life Insurance Co.,Principal Life Insurance Co.,Allstate Life Insurance Co.
Action: General Comment
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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John Hancock Life Insurance Co.,Metropolitan Life Insurance Co.,SunAmerica Life Insurance Co.,Principal Life Insurance Co.,Allstate Life Insurance Co.