|
|
 |
|
Viewing report
|
|
|
|
Atlantic Asset Securitizations Corp.'s Commercial Paper Rating Affirmed Feb 01
Standard & Poors, Feb 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) Feb. 5, 2001--Standard & Poor's affirmed its 'A-1' rating on the commercial paper notes of Atlantic Asset Securitization Corp. (Atlantic). The rating action follows Atlantic's execution of a receivable purchase agreement pursuant to which the conduit will fund up to $125 million to a special-purpose entity for the purchase of a pool of trade receivables from a manufacturer of outdoor barbeque grills, smokers, and related accessories. The rating on Atlantic's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with Atlantic's 'A-1' rating and sufficient pool-specific credit enhancement. Atlantic is a multiseller, partially enhanced asset-backed commercial paper conduit administered by Credit Lyonnais (single-'A'-minus/A-2), Standard & Poor's said. --...
Companies mentioned in this report are: Atlantic Asset Securitization LLC,Credit Lyonnais
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
