MOODY'S CONFIRME LA NOTATION PRIME-1 DU PROGRAMME GENERAL FUNDING LIMITED SUITE A L'ACQUISITION DE NOUVEAUX ACTIFS
Moody's Investors Service confirme la notation Prime-1du programme General Funding Limited, suite … l'acquisition de nouveaux actifs pour un montant total maximum de Euro 460 millions. Ces actifs sont des parts de fonds communs de cr‚ances adoss‚es … des cr‚ances commerciales d‚tenues par le groupe fran‡ais de tabac Seita. General Funding Limited ‚met des billets de tr‚sorerie en Euros pour financer l'acquisition de ces parts.
La confirmation de la note Prime-1 du programme General Funding Limited par Moody's est principalement fond‚e sur les promesses d'achat et de revente des actifs d‚tenus par General Funding Limited consenties par le Cr‚dit Industriel et Commercial (A2/Prime-1) et la Bayerische Landesbank Girozentrale (Aaa, Prime-1). Ces promesses absorbent le risque de cr‚dit associ‚ aux actifs et le risque de liquidit‚ inh‚rent aux r‚emissions de billets de tr‚sorerie, permettant ainsi d'assurer le remboursement int‚gral et … bonne date des billets de tr‚sorerie venant … ‚ch‚ance. Elles peuvent ˆtre syndiqu‚es auprŠs d'autres banques not‚es Prime-1, sous r‚serve de la confirmation pr‚alable par Moody's de la note des billets de tr‚sorerie ‚mis par General Funding Limited.
La notation Prime-1 reflŠte ‚galement la solidit‚ de la structure, y compris le trŠs faible risque de faillite de General Funding Limited. Pour une description plus d‚taill‚e du programme General Funding Limited, veuillez consulter Moody's GLOBAL ASSET-BACKED COMMERCIAL PAPER MARKET REVIEW, qui est publi‚ trimestriellement.
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