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Black Forest Funding Corp.'s 'A-1' Commercial Paper Rating Affirmed Mar 00
Standard & Poors, March 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) March 14, 2000--Standard & Poor's today affirmed its 'A-1' rating on the commercial paper notes of Black Forest Funding Corp. The rating action follows Black Forest's execution of a loan agreement. Under this agreement, the conduit will lend up to US$200 million to a special-purpose entity for the purchase of a pool of equipment lease receivables from a small-ticket equipment leasing company. 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 sponsored by Bayerische Hypo- und Vereinsbank AG, Standard & Poor's said....
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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