- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
K2 Corp.'s Medium Term Note & Commercial Paper Programs Rated AAA/A-1+ Feb 99
- Published: February 1999
- Standard & Poors
LONDON (Standard & Poor's CreditWire) Feb. 1, 1999--Standard & Poor's today assigned its triple-'A' senior secured and 'A-1'-plus commercial paper ratings to K2 Corp. (K2) and K2 (USA) LLC's euro and U.S. medium term note and commercial paper programs, US$6 billion each, the total not to exceed US$20 billion. K2's ratings are based on: -- Capital adequacy; -- Credit and gearing limits; -- The credit quality of its investment portfolio and derivative counterparties; -- Strict market risk limits; -- Liquidity management; -- Diversification and exposure limits; -- Adherence to its operating limits; and -- Operations and controls infrastructure with Dresdner Bank AG London Branch (Dresdner). K2, a Structured Investment Vehicle (SIV), has contracted with Dresdner to manage its investment, treasury,...
Companies mentioned in this report are: K2 Corp.,Dresdner Bank AG,K2 (USA) LLC
Action: New Rating
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.
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K2 Corp.,Dresdner Bank AG,K2 (USA) LLC