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ABCP Rating Affirmation Compilation; Sept. 25-29, 2000 Oct 00
Standard & Poors, Oct 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) October 2, 2000--Standard & Poor's affirmed the ratings of four asset-backed commercial paper (ABCP) multiseller conduits, for the period of Sept. 25-29, 2000 (see list). These rating actions were based on Standard & Poor's review of the transactions before they entered the conduits. Financing limits for these transactions totaled $646 million. The commercial paper that the conduits issued was backed by auto loans, trade receivables, and leases. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 105 transactions entering 33 conduits of 27 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $26.98 billion in financing limits. Of this total, 30% were 'A-1'-plus rating affirmations, 69%...
Companies mentioned in this report are: General Electric Capital Corp.,UniCredit Bank AG
Action: S&P Event
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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