S&P Afrms 4 ABCP Transactions; Total $950 Mil Fin Lmt.Business Editors NEW YORK--(BUSINESS WIRE)--June 24, 2003 (Standard & Poor's) June June: see month. 24, 2003--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. affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. its ratings on four 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 multiseller conduits for the period of June 16, 2003, to June 20, 2003 (see list). These affirmations are based on Standard & Poor's review of four transactions. Financing limits for these transactions totaled $950 million. The commercial paper issued by the conduits was backed by trade receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed , insurance premium receivables, and auto loans.
ABCP RATING AFFIRMATION COMPILATION, June 16 to June 20, 2003
Conduit
(Program administrator) Rtg Limit Ind. of
(mil. $) recs originator
Gemini Securitization Corp.
(Deutsche Bank AG) A-1+ 250.0 Capital goods
Barton Capital Corp.
(Societe Generale) A-1+ 150.0 Insurance
Beethoven Funding Corp.
(Dresdner Bank AG) A-1 500.0 Automobile
Liberty Street Funding Corp.
(Bank of Nova Scotia) A-1 50.0 Equipment
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