S&P Affirms Atlantic Asset Securitization Corp's CP Rating

Apr 26, 2001, 01:00 ET from Standard & Poor's

    NEW YORK, April 26 /PRNewswire/ -- Standard & Poor's affirmed its 'A-1'
 rating on the commercial paper notes of Atlantic Asset Securitization Corp.
 (Atlantic).
     The rating action follows Atlantic's execution of a purchase agreement
 pursuant to which the conduit will finance up to $80 million from a
 special-purpose entity for the purchase of a pool of trade receivables
 originated by an electronics manufacturing company.
     The rating on Atlantic's commercial paper program is based on liquidity
 support from liquidity providers with short-term ratings commensurate with
 Atlantic's 'A-1' rating and sufficient pool-specific credit enhancement.
     Atlantic is a multiseller, partially enhanced asset-backed
 commercial paper conduit sponsored by Credit Lyonnais, New York Branch
 (single-'A'-minus/Stable/A-2), Standard & Poor's said. -- CreditWire
 
 

SOURCE Standard & Poor's
    NEW YORK, April 26 /PRNewswire/ -- Standard & Poor's affirmed its 'A-1'
 rating on the commercial paper notes of Atlantic Asset Securitization Corp.
 (Atlantic).
     The rating action follows Atlantic's execution of a purchase agreement
 pursuant to which the conduit will finance up to $80 million from a
 special-purpose entity for the purchase of a pool of trade receivables
 originated by an electronics manufacturing company.
     The rating on Atlantic's commercial paper program is based on liquidity
 support from liquidity providers with short-term ratings commensurate with
 Atlantic's 'A-1' rating and sufficient pool-specific credit enhancement.
     Atlantic is a multiseller, partially enhanced asset-backed
 commercial paper conduit sponsored by Credit Lyonnais, New York Branch
 (single-'A'-minus/Stable/A-2), Standard & Poor's said. -- CreditWire
 
 SOURCE  Standard & Poor's