- Published: February 2012
Presale: Cronos Containers Program I Ltd. - Series 2011-1 Nov 11
- Published: November 2011
- Standard & Poors
The preliminary 'A (sf)' ratings assigned to Cronos Containers Program I Ltd.?s (the issuer's) asset-backed notes series 2011-1 reflect our view of: The likelihood that timely interest and ultimate principal payments will be made on or before the legal final maturity date. The initial and future lessees' estimated credit quality. The transaction's legal structure. The manager's experience and management team. Certain compliance tests, concentration limitations, and early amortization events included in the transaction documents, as described below. We consider the following to be transaction strengths: The container leasing market's high utilization rates due to the recent recovery in global trade, which has abated somewhat, and the reduced production of marine cargo containers. The transaction's legal structure. The manager's experience and...
Companies mentioned in this report are: Cronos Containers Program I Ltd.
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Cronos Containers Program I Ltd.
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