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Fitch: U.S. ABCP S.M.A.R.T. Update for Week of Jan. 15, 2007.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- For the week of Jan. 15, 2007, the following ABCP ABCP Asset-Backed Commercial Paper
ABCP Associação Brasileira de Cimento Portland (Brazil)
ABCP Associação Brasileira de Ciência Política
ABCP American Board of Cardiovascular Perfusion
ABCP Associate Business Continuity Planner
 issuers in Fitch's U.S. ABCP SMART system were updated:

--Alpine Securitization Securitization

The process of creating a financial instrument by combining other financial assets and then marketing them to investors.

Notes:
Mortgage backed securities are a perfect example of securitization.

May also be spelled as "securitisation.
 Corp. (November 2006)

--Aspen Funding Corp. (November 2006)

--Deer Valley Funding Limited (December 2006)

--Falcon Asset Securitization Corp. (November 2006)

--Giro Balanced Funding Corp. (November 2006)

--Giro Funding US Corp. (November 2006)

--Greyhawk Funding, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (November 2006)

--Jupiter Securitization Corp. (November 2006)

--Kitty Hawk Funding Corp. (November 2006)

--Lockhart Funding LLC (November 2006)

--Mermaid Funding Corp. (December 2006)

--Neptune Funding Corp. (December 2006)

--Newport Funding Corp (November 2006)

--Nieuw Amsterdam Receivables Corp. (November 2006)

--Old Line Funding, LLC (November 2006)

--Park Avenue Receivables Company, LLC (November 2006)

--Ranger Funding Company, LLC (Receivables Capital Company LLC) (November 2006)

--Sunbelt Funding Corp. (December 2006)

--Three Crowns Funding, LLC (December 2006)

--Thunder Bay Funding, LLC (November 2006)

--Times Square Funding (December 2006)

--White Point Funding, Inc. (November 2006)

--Yorktown Capital, LLC (November 2006)

The most recent month for which data is available is noted in parentheses See parenthesis.

parentheses - See left parenthesis, right parenthesis.
 above. For the most recent and detailed ABCP program surveillance data, visit the S.M.A.R.T. database available on Fitch Research, the Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 subscription-based web site located at www.fitchratings.com. Through S.M.A.R.T., Fitch currently provides performance characteristics on over 80 U.S. ABCP conduits.

ABCP S.M.A.R.T. provides a detailed and consistent reporting format for U.S. ABCP performance data. ABCP S.M.A.R.T. consists of two modules: the Conduit Surveillance module presents issuer reports and the Search Engine module provides users the ability to sort through Fitch-rated programs by single or multiple characteristics. Fitch rates over 175 ABCP issuing entities globally.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide.
 of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental  are also available from the 'Code of Conduct' section of this site.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 22, 2007
Words:345
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