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Black Forest Funding Corp.'s Commercial Paper Rating Affirmed Sep 00
Standard & Poors, Sep 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) September 27, 2000--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 lending of -33,130,135.17 in loans to a special-purpose entity for the purchase of a pool of trade receivables and automobile leases. 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 foreign exchange and 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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