|
|
 |
|
Viewing report
|
|
|
|
An Overview of Standard & Poor's Analysis of Leveraged Lease Financing Oct 00
Standard & Poors, Oct 2000
Abstract
Leveraged leases have become a popular method of financing, due to the advantageous distribution of tax benefits and to the higher debt ratings they can allow in certain cases. Leveraged lease financing, most frequently employed by airlines and railroads for their heavy capital equipment needs, is now a preferred method of financing for a variety of assets, from power projects to automobile leases, and is used as acquisition financing or debt restructuring. Many leveraged lease financings are sale-leaseback transactions. In their simplest form, they involve the issuance by a newly formed, special-purpose bankruptcy-remote entity (SPE) (traditionally an owner or business trust, but increasingly a limited liability company, called the owner lessor) of limited recourse debt, whether directly or through 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.
|
|
|
|
