Armoris'French CP Prog Rated 'A-1' Prelim by S&P 12-17.PARIS--(BUSINESS WIRE)--Standard & Poor's-- Dec. 17, 1999--Standard & Poor's today assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. its preliminary 'A-1' rating to Armoris Finance S.A.'s euro 750 million French commercial paper program. The preliminary rating is based on information as of Dec. 13, 1999. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary rating reflects the full support provided by liquidity for the program, the credit quality of the liquidity providers, the bankruptcy-remote nature of the issuer, and the soundness of the legal structure. A copy of Standard & Poor's complete presale pre·sale n. 1. The period before something, such as a work of art, is available for sale to the public. 2. An exclusive or private sale held before an advertised sale. report for this transaction is available on Standard & Poor's Ratings Services Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. Web site at www.standardandpoors.com/ratings. Under Presale Reports, select Structured Finance, then Asset-Backed Securities Asset-backed security A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. asset-backed security A debt security collateralized by specific assets. . -- CreditWire |
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