Johannesburg, 10 April 2014 — Global Credit Rating Co. (Pty) Ltd (‘GCR’) has published its updated Global Asset Backed Commercial Paper (‘ABCP’) Rating Criteria.
GCR has updated its Global Asset Backed Commercial Paper (‘ABCP’) Rating Criteria. The updated Criteria lays down the fundamental considerations for any ABCP transaction rated by GCR. There are a number of different types of ABCP programme structures and support mechanisms, which are detailed in the report.
The criteria report is an update to the version published in April 2013. There are no significant amendments to the Criteria. It is not expected that the update of this Criteria will have an impact on any existing transactions that have been rated under it. Going forward, all new transactions will be rated using this Criteria.
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