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Bunge Asset Funding Corp. Commercial Paper Program ?A-1? Rating Affirmed Dec 08
Standard & Poors, Dec 2008
Abstract
NEW YORK (Standard & Poor's) Dec. 22, 2008--Standard & Poor's Ratings Services today affirmed its 'A-1' rating on Bunge Asset Funding Corp.'s $600 million commercial paper (CP) program. The rating action follows our Dec. 19, 2008, rating actions on several large complex banks (see 'Twelve Major U.S. And European Financial Institutions Have Ratings Lowered, Outlooks Revised' on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com). The credit and liquidity support on the CP program is provided by a syndicate of financial institutions, including the following banks that were affected by the Dec. 19, 2008, rating actions: ABN AMRO Bank NV, Barclays Bank PLC, Citibank N.A., Credit Suisse, Deutsche Bank AG, HSBC...
Companies mentioned in this report are: Bunge Asset Funding Corp.,Deutsche Bank AG,The Royal Bank of Scotland N.V.,JPMorgan Chase Bank N.A.,Citibank N.A.,HSBC Bank USA N.A.,Barclays Bank PLC,Credit Suisse AG,Morgan Stanley Bank N.A.
Action: Affirmed
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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