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S&P Assigns Marble Finance Ltd Zero Coupon Notes Rtg.


Business Editors

Standard & Poor's assigned its triple-'B'-plus rating to Marble Finance Ltd.'s EUR EUR

In currencies, this is the abbreviation for the Euro.

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.
23.8 million zero coupon notes series 2002-1.

The rating reflects the credit quality of the underlying securities, EUR23.8 million France Telecom 4.0% exchangeable bonds due Nov. 29, 2005 (triple-'B'-plus) and the equity warrant guarantor, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking.  Holding Inc. (single-'A'). The rating addresses the likelihood of Marble Finance making payments as required under the pricing supplement.

Marble Finance is a special-purpose company organized under the laws of the Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. . It is a US$5 billion multiuse program established in August 2000 for the issuance of limited recourse Limited recourse

A term describing a type of loan in which the lender has limited or no claim against the parent company if the collateral is insufficient to repay the debt. See:Nonrecourse.
 obligations.

Copyright 2002, Standard & Poor's Ratings Services
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 1, 2002
Words:110
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