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Black Forest Funding Corp.'s 'A-1' Commercial Paper Rating Affirmed May 00
Standard & Poors, May 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) May 24, 2000--Standard & Poor's today affirmed its 'A-1' rating on the commercial paper notes of Black Forest Funding Corp. The rating action follows the assignment of two loans with two individual credit card master trusts to Black Forest. These two loans are equal to US$56 million and US$52.5 million, respectively. The rating on Black Forest's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with Black Forest's 'A-1' rating, sufficient pool-specific credit enhancement, and proper interest-rate coverage. Black Forest is a multiseller, partially enhanced asset-backed commercial paper conduit sponsored by Bayerische Hypo- und Vereinsbank AG, New York Branch, Standard & Poor's said. --CreditWire...
Companies mentioned in this report are: UniCredit Bank AG
Action: Affirmed
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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