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New Issue: Louis Dreyfus Commodities LLC ? Series A CP Notes Nov 11
Standard & Poors, November 2011
On Nov. 30, 2011, Standard & Poor's assigned its short-term 'A-1+' rating to Louis Dreyfus Commodities LLC's (the issuer's) commercial paper (CP) program series A CP notes following the restructuring of the issuer's CP program into two tranches, the series A and B CP notes, and the replacement of the letter of credit (LOC) that Credit Agricole Corporate and Investment Bank ('A-1') had provided with a new LOC from U.S. Bank N.A. ('A-1+') for the series A CP noteholders' benefit (for additional information, see "Transaction Update: Louis Dreyfus Commodities LLC - Series B CP Notes," published Nov. 30, 2011). The short-term 'A-1+' rating reflects our opinion of the credit and liquidity support that U.S. Bank N.A. ('A-1+') provides in the...
Companies mentioned in this report are: Louis Dreyfus Commodities LLC
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: Full Analysis
Louis Dreyfus Commodities LLC