• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Giro Balanced Funding Corp.'s Commercial Paper Rating Affirmed Mar 01 Product Image

Giro Balanced Funding Corp.'s Commercial Paper Rating Affirmed Mar 01

  • ID: 1885319
  • March 2001
  • Standard & Poors

NEW YORK (Standard & Poor's CreditWire) March 7, 2001--Standard & Poor's affirmed its 'A-1' rating on the commercial paper notes of Giro Balanced Funding Corp. (GBFC). The rating action follows GBFC's purchase of $1 billion pool of retail automobile retail installment contracts and receivables. The rating on GBFC's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with GBFC's 'A-1' rating and sufficient pool-specific credit enhancement, and proper interest rate risk coverage. Sponsored by Bayerische Landesbank Girozentrale, GBFC is a multiseller commercial paper conduit which utilizes structural technologies and correspondent credit enhancement levels developed in partially enhanced asset-backed, loan-backed and security arbitrage commercial paper conduit areas, Standard & Poor's said. -- CreditWire...

Companies mentioned in this report are:
- Bayerische Landesbank

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.

Note: Product cover images may vary from those shown