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ABCP Rating Affirmation Compilation; Jan. 15-Feb. 02, 2001 Feb 01
Standard & Poors, Feb 2001
Abstract
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 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 $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 single-'A-1'-plus rating affirmations and 60% were 'A-1' rating affirmations. The average...
Companies mentioned in this report are: The Bank of Nova Scotia,WestLB AG (Unsolicited Ratings),Liberty Street Funding 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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