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Article: Fitch Rates Black Forest Funding Corporation's $6B ABCP Program 'F1'.
- Article from:
- Business Wire
- Article date:
- October 29, 2002
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Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2002
Black Forest Funding Corporation's (Black Forest) $6B asset-backed commercial paper (ABCP) program sponsored by Bayerische Hypo- und Vereinsbank AG (HVB) is rated 'F1' by Fitch Ratings. The rating is based on the quality of the assets purchased by Black Forest, the dynamic credit enhancement, the program's liquidity support, HVB Risk Management Products, Inc.'s strong administrative capabilities, and the program's sound legal structure.
Black Forest is a bankruptcy-remote, Delaware special-purpose limited liability company established for the sole purpose of issuing commercial paper ...