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ABCP Affirmation Compilation; July 3 to July 7, 2000 Jul 00
Standard & Poors, July 2000
Abstract
Standard & Poor's affirmed the ratings of 10 asset-backed commercial paper multiseller conduits, for the period of July 3 to July 7, 2000 (see table). These rating actions were based on Standard & Poor's review of the transactions before they entered the conduits. Financing limits for these transactions totaled $2.23 billion. The commercial paper that the conduits issued was backed by equipment leases and loans, lease receivables, auto leases, commercial loans, credit card receivables, and trade receivables. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 72 transactions entering 32 conduits of 26 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $21 billion in financing limits. Of this total, 32% were...
Companies mentioned in this report are: Deutsche Bank AG,General Electric Capital Corp.,Credit Lyonnais,WestLB AG (Unsolicited Ratings),Atlantic Asset Securitization LLC,Compass Securitisation Program
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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