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ABCP Rating Affirmation Compilation; Oct. 2-6, 2000 Oct 00
Standard & Poors, Oct 2000
Abstract
Standard & Poor's affirmed the ratings of 13 asset-backed commercial paper (ABCP) multiseller conduits, for the period of Oct. 2-6, 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 $1.87 billion. The commercial paper that the conduits issued was backed by auto loans, credit cards, insurance receivables, CLOs, synthetics, warehouse notes, trade receivables, and leases. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 118 transactions entering 33 conduits of 27 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $28.86 billion in financing limits. Of this total, 30% were 'A-1+' rating affirmations, 69%...
Companies mentioned in this report are: Bank of Montreal,The Bank of Nova Scotia,Credit Lyonnais,PNC Bank N.A., Pittsburgh, PA,WestLB AG (Unsolicited Ratings),Bayerische Landesbank,Canadian Imperial Bank of Commerce,Atlantic Asset Securitization LLC,Market Street Funding LLC,Liberty Street Funding LLC,Compass Securitisation Program,Fairway Finance Company LLC
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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