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ABCP Rating Affirmation Compilation; May 1 to May 5, 2000 May 00
Standard & Poors, May 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) May 8, 2000--Standard & Poor's affirmed the ratings of three asset-backed commercial paper (ABCP) multiseller conduits, for the week ending May 5, 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 US$427.67 million. The commercial paper that the conduits issued was backed by dealer floor plans, a synthetic office lease, and residential mortgages. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 48 transactions entering 27 conduits of 22 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately US$11.5 billion in financing limits. Of this total, 27% were...
Companies mentioned in this report are: Bank of Montreal,The Bank of Nova Scotia,WestLB AG (Unsolicited Ratings),Liberty Street Funding LLC,Compass Securitisation Program,Fairway Finance Company LLC
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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