S&P Asgns Ratings to MUE Capital One Co Ltd CMBS Deal.Business Editors TOKYO--(BUSINESS WIRE)--Standard & Poor's March 13, 2002--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 ratings to MUE Capital One Co. Ltd.'s JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.1 billion fixed-rate notes classes A through D due March 2009 (see list below). The notes are ultimately backed by a portfolio of four office buildings located in Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. . The notes are secured by the beneficial interest held by MUE Capital One in four office properties, under a trust created with Yasuda Yasuda (安田) was formed by Yasuda Zenjiro. Yasuda founded the third national bank of Japan in 1876. It is currently operating as Fuji Bank Ltd. It is Japan's sixth largest bank. Trust & Banking Co. Ltd. The properties are purchased from and master-leased to Yasuda Real Estate Co. Ltd., which, in turn subleases them to end tenants. The ratings address the full and timely payment of interest and the ultimate full repayment of principal by the legal maturity of March 2009 for classes A1 and A2, and the ultimate full repayment of interest and principal on classes B-D B-D Becton, Dickinson & Co. by the transaction's legal final maturity of March 2009. The ratings are based on: -- The quality of the collateral portfolio that ultimately secures the rated notes; -- The soundness of the legal structure of the transaction; and -- The credit support provided by overcollateralization and the subordinated notes. RATINGS ASSIGNED JPY5.1 billion fixed-rate notes classes A-D due March 2009 Issue Amount Rating Class A1 JPY 0.8 billion AAA Class A2 JPY 2.3 billion AAA Class B JPY 0.5 billion AA Class C JPY 0.6 billion A Class D JPY 0.9 billion BBB- Copyright 2002, 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. |
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