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'A-1' Rating Withdrawn on FIDEX PLC's Credit Arbitrage Loan-Backed CP Mar 02
Standard & Poors, March 2002
Abstract
LONDON (Standard & Poor's) March 12, 2002--Standard & Poor's said today that it withdrew its 'A-1' rating on the up to $5 billion CP issued by FIDEX PLC, a credit arbitrage loan-backed CP program sponsored by BNP Paribas (AA-/Stable/A-1+). The rating action follows the March 4, 2002 paydown in full of all outstanding asset-backed CP and has been done at the request of BNP Paribas. ANALYTICAL E-MAIL ADDRESSES cassandra_merrifield@standardandpoors.com perry_inglis@standardandpoors.com...
Companies mentioned in this report are: BNP Paribas
Action: Withdrawn
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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