|
|
 |
|
Viewing report
|
|
|
|
ARCHIVE | Criteria | Structured Finance | ABS: Franchise Loans Rating Criteria Mar 98
Standard & Poors, March 1998
Abstract
Franchise lending is a growing specialty within the middle-market loan category. Originally, the term 'franchise loan' generally referred to a loan or loans made to an owner of one or more quick service restaurants within nationally recognized, major branded chains. But in the last few years, franchise lenders have been branching out of these 'top tier' brands to include some strong, regional concepts as well as other segments within the restaurant industry such as family dining. And even more recently, issuers have further diversified by lending within other franchise markets such as auto aftermarket, convenience stores and gas stations, and motel industries. Due to the complexities of securitizing franchise loans, Standard&Poor's analysis has evolved such that an industry, then a...
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.
|
|
|
|
