Rating on Eiffel Funding LLC CP Notes Affirmed.
Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
May 22, 2001--Standard & Poor's today affirmed its 'A-1' rating on the commercial paper notes of Eiffel Funding LLC.
The rating action follows Eiffel's lending of up to $100 million in loans to a
The rating on Eiffel's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with Eiffel's 'A-1' rating and sufficient pool-specific credit enhancement, and proper interest rate coverage.
Eiffel is a multiseller, partially enhanced asset-backed commercial paper conduit sponsored by CDC Financial Products Inc., Standard & Poor's said. --CreditWire
Copyright 2001, Standard & Poor's Ratings Services
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