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Newtek Small Business Loan Trust 2010-1 Class A Rating Raised To 'AA (sf)' Dec 11 Product Image

Newtek Small Business Loan Trust 2010-1 Class A Rating Raised To 'AA (sf)' Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
OVERVIEW We raised our rating on the class A notes from Newtek Small Business Loan Trust 2010-1 to 'AA (sf)' from 'AA- (sf)'. The upgrade reflects the impact of the Supplemental Indenture between Newtek Small Business Loan Trust 2010-1 and U.S. Bank N.A. as of Dec. 29, 2011 ("Supplemental Indenture"). This amendment resulted in an increase in credit enhancement due to the recent increase in the transaction's pool size; and the substitution of a few delinquent loans in the current pool. NEW YORK (Standard & Poor's) Dec. 29, 2011--Standard & Poor's Ratings Services today raised its rating on class A notes to 'AA (sf)' from 'AA- (sf)' issued by Newtek Small Business Loan Trust 2010-1 (see list). The transaction is...

Companies mentioned in this report are: Newtek Small Business Loan Trust 2010-1
Action: Upgraded

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, READ MORE >

Newtek Small Business Loan Trust 2010-1

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