Preliminary Rating Assigned to 1st Future Flow Transaction in Brazil and Japan Jul 01
- ID: 2028546
- July 2001
- Region: Brazil, Japan
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) July 17, 2001-- Standard & Poor's today assigned its preliminary triple-'B'-plus rating to Nikkei Remittance Trust's US$250 million fixed-rate certificates series 2001-1 due August 2006. The preliminary rating is based on information as of July 17, 2001. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. The preliminary rating on Nikkei Remittance Trust's series 2001-1 certificates reflects the strong credit enhancement levels and the transaction's structure. Nikkei Remittance Trust represents the first financial future flow transaction rated by Standard & Poor's in Brazil and Japan. For a worker-remittance type of transaction, the rating is usually constrained by the local currency rating of the financial institution involved...
Companies mentioned in this report are:
- Japan (Unsolicited Ratings)
- Banco do Brasil S.A
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.