NEW YORK (Standard & Poor's CreditWire) Feb. 5, 2001--Standard & Poor's affirmed the ratings of three asset-backed commercial paper (ABCP) multiseller conduits, for the period of Jan. 15 to Feb. 2, 2001 (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 $475 million. The commercial paper that the conduits issued was backed by equipment leases and CLOs. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on five transactions entering five conduits of five program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $612.5 million in financing limits. Of this total, 40% were 'A-1'-plus rating affirmations...
Companies mentioned in this report are:
- The Bank of Nova Scotia
- Portigon AG
- Liberty Street Funding LLC
Action: S&P Event
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Research type: News
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