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Newtek Small Business Loan Trust 2010-1 Class A Rating Raised To 'AA (sf)' Dec 11
Standard & Poors, December 2011
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
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Newtek Small Business Loan Trust 2010-1