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Bulletin: Rating Unchanged On Matchpoint's ABCP Program Following Review Aug 09
Standard & Poors, Aug 2009
Abstract
OVERVIEW Following our review, the 'A-1+' rating on Matchpoint's ABCP program remains unchanged. Matchpoint is a multiseller conduit sponsored by BNP Paribas. PARIS (Standard & Poor's) Aug. 4, 2009--Standard & Poor's Ratings Services said today that following its review, the 'A-1+' rating remains unchanged on the Matchpoint Finance PLC / Matchpoint Master Trust (collectively Matchpoint) asset-backed commercial paper (ABCP) program. Matchpoint's performance is linked ultimately to BNP Paribas as liquidity provider. As of Aug. 4, 2009, all transactions refinanced in Matchpoint benefit from a fully supporting liquidity facility from BNP Paribas (i.e., the liquidity facility would fund regardless of the asset performance). Our rating on Matchpoint's notes is based on the 'A-1+' rating of the liquidity and credit providers under...
Companies mentioned in this report are: Matchpoint Finance PLC,BNP Paribas,Matchpoint Master Trust
Action: Bulletin
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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