MELBOURNE (Standard & Poor's) Nov. 6, 2003--Standard & Poor's Ratings Services said today that it has assigned its preliminary ratings to the five classes of small and midsize enterprise (SME) loan-backed credit-linked notes issued by the trustee of the Medallion – Series 2003-1 SME Credit Linked Trust (see list). The preliminary ratings are based on information as of Nov. 6, 2003. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. "The market for SME loan securitizations has witnessed increased activity over the last three years, particularly in Europe," said Standard & Poor's credit analyst Vera Ha, director of Structured Finance Ratings. "Through its synthetic structure, the trust is exposed to the credit risk...
Companies mentioned in this report are:
- Commonwealth Bank of Australia
Action: New Rating
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Research type: News
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