Fitch Rates ABACUS 2006-13, Ltd.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 -- Fitch rates the ABACUS 2006-13, Ltd. floating-rate notes Floating-rate note (FRN) Note whose interest payment varies with short-term interest rates. floating-rate note An unsecured debt issue with an interest rate that is reset at specified intervals (usually every six months) according to a as follows: --$159,000,000 class A due 2046 'AAA'; --$44,718,750 class B due 2046 'AA+'; --$10,931,250 class C due 2046 'AA'; --$11,925,000 class D due 2046 'AA-'; --$11,925,000 class E due 2046 'A+'; --$11,925,000 class F due 2046 'A'; --$7,950,000 class G due 2046 'A-'; --$11,925,000 class H due 2046 'BBB+'; --$9,937,500 class J due 2046 'BBB'; --$18,943,750 class K due 2046 'BBB-'; --$9,937,500 class L due 2046 'BB+'; --$7,950,000 class M due 2046 'BB'; --$5,962,500 class N due 2046 'BB-'. The rating is based upon the credit quality of the reference portfolio, the legal structure of the transaction, the financial strength of the counterparties Counterparties The parties on either side of an interest rate swap or a currency, equity or commodity swap, or to an options or futures position. and their guarantors, as well as the credit quality of the collateral assets. The rating assigned to the notes addresses the timely payment of interest and the ultimate payment of principal of the notes at maturity. Fitch will monitor the performance of this transaction. Deal information and historical data on ABACUS 2006-13, Ltd. is available on 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. web site at www.fitchratings.com. 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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