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ABCP Rating Affirmation Compilation; June 19 to June 23, 2000 Jun 00
Standard & Poors, June 2000
Abstract
Standard & Poor's affirmed the ratings of four asset-backed commercial paper multiseller conduits, for the period of June 19 to June 23, 2000 (see table). These rating actions were based on Standard & Poor's review of the transactionstransaction before theyit enteredenters the conduitsconduit. Financing limits for these transactions totaled $5,610.25 million. The commercial paper that the conduits issued was backed by collateralized debt obligations, credit card receivables, and mortgages. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 60 transactions entering for31 conduits of 25 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $18.5 billion11,114,633,192.31 in financing limits. Of this total, 28% were 'A-1+' rating affirmations, 70% were 'A-1' rating affirmations,...
Companies mentioned in this report are: The Royal Bank of Scotland N.V.,State Street Bank,Galleon Capital LLC,UniCredit Bank AG
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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