[MLT] Summary: Eclipse Funding LLC, Minnesota; Custodial Receipts; Joint Criteria; Residual Certificates Mar 12
- Language: English
- Published: March 2012
- Region: Minnesota
Standard & Poor's Ratings Services confirmed its ratings on various Eclipse Funding LLC's custodial receipts, due to the extension of the bank facility to Jan. 30, 2014. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, U.S. Bank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description of how they differ from the representations, warranties and enforcement mechanisms in issuances of similar securities. There is no Standard & Poor's 17g-7 Disclosure Report included in this credit rating report...
Companies mentioned in this report are:
- Eclipse Funding, LLC
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- - Eclipse Funding