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Black Forest Funding Corp.'s Commercial Paper Rating Affirmed Mar 01
Standard & Poors, March 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) March 7, 2001--Standard & Poor's affirmed its 'A-1' rating on the commercial paper notes of Black Forest Funding Corp. (Black Forest). The rating action follows Black Forest's execution of a loan and security agreement pursuant to which the conduit will fund up to $100 million to a special-purpose entity for the purchase of a pool of trade receivables from a provider of bunker fuels. 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 and sufficient pool-specific credit enhancement. Black Forest is a multiseller, partially enhanced asset-backed commercial paper conduit administered by Bayerische Hypo-Und Vereinsbank AG, New York Branch...
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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