The French Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: October 2011
- Region: France
Standard & Poor's Ratings Services has assigned its 'AAA (sf)' credit rating to FCT BS CDN ENT's -1,402.75 million asset-backed floating-rate class A notes. At the same time, FCT BS CDN ENT also issued -300 unrated class R residual units. This transaction transfers to investors the credit risk on a portfolio of loans to small and medium businesses (annual turnover between -1.5 million and -75 million according to Credit du Nord S.A.'s classification) and professionals that the retail network of Credit du Nord originated in France. From a structural perspective, this transaction is similar to the FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1 transaction that closed in November 2010, insofar as FCT RED & BLACK FRENCH SMALL BUSINESS 2010-1...
Companies mentioned in this report are: FCT BS CDN ENT
Action: New Rating
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: Full Analysis
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FCT BS CDN ENT