Surveillance: STRIPs III LLC Dec 07
Standard & Poors, December 2007
Abstract
From June 2007 through September 2007,STRIPs III LLC's outstanding CP program continued its gradual downward trend which began in 2005. In September 2007, CP outstanding closed at $79.3 million, down from $89.5 million at the end of June 2007. The program currently supports only mortgages; there have been no material program amendments. Monthly performance data articles for this ABCP program are available on RatingsDirect at www.ratingsdirect.com. Enter the issuer name as the keyword and "ratings" as the search type. Click on the issuer name under the search results and then go to the Related Research tab. The rating assigned to STRIPs III LLC's 4(2) short-term note program is based on: The special-purpose organizational structure of STRIPs III LLC, which is...
Companies mentioned in this report are: STRIPs III LTD
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: Full Analysis
STRIPs III LTD
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