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Brahms Funding Corp. Rating Lowered on 4(2) CP Program; Off CreditWatch Negative Oct 02 Product Image

Brahms Funding Corp. Rating Lowered on 4(2) CP Program; Off CreditWatch Negative Oct 02

  • Published: October 2002
  • Standard & Poors

FEATURED COMPANIES

Abstract
NEW YORK (Standard & Poor's) Oct. 10, 2002--Standard & Poor's Ratings Services today lowered its rating on Brahms Funding Corp.'s 4(2) commercial paper program, administered by Dresdner Bank AG, to 'A-1' from 'A-1+' and removed it from CreditWatch negative, where it was placed on Aug. 6, 2002. This rating action and CreditWatch removal follows the downgrade of Dresdner Bank AG on Oct. 9, 2002. Dresdner Bank AG, in its capacity as a swap-counterparty in the Brahms Funding Corp. conduit, is a rating-dependent support provider....

Companies mentioned in this report are: Dresdner Bank AG
Action: Downgraded, Off CreditWatch

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 READ MORE >

Dresdner Bank AG

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