Atlantic Asset Securitization Corp.'s Commercial Paper Rating Affirmed Oct 00
- ID: 2040823
- October 2000
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) October 4, 2000--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 $75 million commitment to fund a participation in a loan facility that is used to finance auto fleet leases originated by a specialty finance company. 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 sponsored by Credit Lyonnais, New York Branch (A-/Stable/A-2), Standard & Poor's said. -- CreditWire...
Companies mentioned in this report are: Atlantic Asset Securitization LLC,Credit Lyonnais
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.