|
|
 |
|
Viewing report
|
|
|
|
ABCP Affirmation Compilation; Oct. 30-Nov. 10, 2000 Nov 00
Standard & Poors, Nov 2000
Abstract
Standard & Poor's affirmed the ratings of four asset-backed commercial paper (ABCP) multiseller conduits, for the period of Oct. 30 to Nov. 10, 2000 (see table). These rating actions were based on Standard & Poor's review of the transactions before they entered the conduits. Financing limits for these transactions totaled US$406 million. The commercial paper that the conduits issued was backed by CBO/CLO, leases, and trade receivables. Year-to-date, including this week's additions, Standard & Poor's has affirmed ratings based on 132 transactions entering 35 conduits of 28 program administrators. Year-to-date, Standard & Poor's has affirmed ratings on transactions totaling approximately $30.27 billion in financing limits. Of this total, 29% were 'A-1+' rating affirmations, 70% were 'A-1' rating affirmations, and 1%...
Companies mentioned in this report are: Credit Lyonnais,Bayerische Landesbank,Atlantic Asset Securitization LLC,Natixis Financial Products LLC
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
