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Criteria | Structured Finance | Legal: Guide To Legal Issues In Rating Australian Securitization Mar 05

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Abstract
Standard & Poor's Ratings Services is pleased to present this guide to legal issues in rating Australian securitization. This guide describes the key legal issues in rating securitization in Australia and explains Standard & Poor's approach to those issues. Although this guide aims to provide comprehensive coverage of a topic as dynamic as securitization, changes in markets and transaction structures will, over time, make aspects of this publication obsolete. Standard & Poor's will regularly update its criteria and commentary on market developments. Changes to Standard & Poor's criteria will be published online at www.standardandpoors.com. This guide is a tool for market participants, not an academic treatise. For that reason, it does not purport to identify and address every legal issue...


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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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Criteria | Structured Finance | Legal: Guide To Legal Issues In Rating Australian Securitization Mar 05

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