|
|
 |
|
Viewing report
|
|
|
|
Beethoven Funding Corp. 'A-1' CP Rating Affirmed Jan 02
Standard & Poors, Jan 2002
Abstract
NEW YORK (Standard & Poor's) Jan. 8, 2002--Standard & Poor's affirmed its 'A-1' rating on the commercial paper notes of Beethoven Funding Corp. The rating action follows Beethoven's loan financing to a power generator entity. The conduit will fund up to $150 million. The rating on Beethoven's commercial paper program is based on liquidity and credit support from providers with short-term ratings commensurate with Beethoven's 'A-1' rating, structural provisions that offset interest rate risk, and an adequate legal structure. Beethoven is a multiseller, partially enhanced asset-backed commercial paper conduit administrated by Dresdner Bank AG....
Companies mentioned in this report are: Beethoven Funding Corporation ,Dresdner Bank AG
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.
|
|
|
|
