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Ratings on 4 ABCP Conduits Affirmed Based on 7 Transactions;$1.81 Bil Total Financing Limit Feb 04
Standard & Poors, February 2004
NEW YORK (Standard & Poor's) Feb. 19, 2004--Standard & Poor's Ratings Services affirmed its ratings on four ABCP multiseller conduits for the period of Jan. 19, 2004, to Feb. 13, 2004 (see list). These affirmations are based on Standard & Poor's review of seven transactions. Financing limits for these transactions totaled $1.81 billion. The CP issued by the conduits was backed by credit card receivables, capital calls, and CDOs. ABCP RATING AFFIRMATION COMPILATION, Jan. 19, 2004, to Feb. 13, 2004 Conduit Rtg Limit Industry of (Program administrator) (mil. $) recs originator Old Line Funding LLC (Royal Bank of Canada) A-1+ 500.0 Financial Old Line Funding LLC (Royal Bank of Canada) A-1+ 185.9 Financial Starbird Funding Corp. (BNP Paribas) A-1 900.0...
Companies mentioned in this report are: Old Line Funding LLC,Atlantic Asset Securitization LLC,Starbird Funding Corp.,Thunder Bay Funding 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: News
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Old Line Funding LLC,Atlantic Asset Securitization LLC,Starbird Funding Corp.,Thunder Bay Funding LLC