Ratings On Eight ABCP Transactions Affirmed; $1.58 Billion Total Financing Limit Aug 02

  • ID: 2041240
  • August 2002
  • Standard & Poors
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NEW YORK (Standard & Poor's) Aug. 6, 2002--Standard & Poor's Ratings Services affirmed its ratings on seven asset-backed commercial paper (ABCP) multiseller conduits, for the period of July 22 to July 31, 2002 (see list). These rating actions are based on Standard & Poor's review of eight transactions. Financing limits for these transactions totaled $1.58 billion. The commercial paper issued by the conduits was backed by consumer installment loans, certificates of credit-linked deposit, credit card receivables, home mortgage loans, trade receivables, residential mortgage-backed securities, insurance premium loans, and health care receivables. ABCP RATING AFFIRMATION COMPILATION, JULY 22 TO JULY 31, 2002 Conduit (Program administrator) Rtg Limit Ind. of recs (mil. $) originator Neptune Funding Corp. (Rabobank Nederland) A-1 505 Financial...

Companies mentioned in this report are: Atlantic Asset Securitization LLC,Fairway Finance Company LLC
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.

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Atlantic Asset Securitization LLC,Fairway Finance Company LLC

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