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ABCP Rating Affirmation Compilation; March 12-30, 2001 Apr 01
Standard & Poors, April 2001
Abstract
Standard & Poor's affirmed the ratings of seven asset-backed commercial paper (ABCP) multiseller conduits, for the period of March 12-30, 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 $1.7 billion. The commercial paper that the conduits issued was backed by auto loans, timeshare loans, aircraft receivables, leases, and trade receivables. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 43 transactions entering 17 conduits of 17 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $7.38 billion in financing limits. Of this total, 26% were 'A-1'-plus rating affirmations and 74% were 'A-1' rating...
Companies mentioned in this report are: The Bank of Nova Scotia,WestLB AG (Unsolicited Ratings),KeyBank N.A.,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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