|
|
 |
|
Viewing report
|
|
|
|
'A-1+' Commercial Paper Rating Affirmed on Compass Securitization Program Jan 01
Standard & Poors, Jan 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) Jan. 5, 2001--Standard & Poor's today affirmed its 'A-1'-plus rating on the commercial paper notes of Compass Securitization Program. The rating action follows Compass Securitization's purchase of $150 million of notes issued from a master trust backed by future revenues of sport franchises. The rating on Compass Securitization's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with Compass Securitization's 'A-1'-plus rating, and sufficient pool-specific credit enhancement. Compass Securitization is a multiseller, partially enhanced asset-backed commercial paper conduit sponsored by Westdeutsche Landesbank Girozentrale, Standard & Poor's said. -- CreditWire...
Companies mentioned in this report are: Compass Securitisation Program,WestLB AG (Unsolicited Ratings)
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.
|
|
|
|
