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S&P Credit Research1133 word report
published Oct 23, 2007
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S&P Credit Research
| Abstract: | There has been much discussion in the press about the merits of the newly announced plan of the three largest commercial banks in the U.S. to create a master conduit. For our part, Standard&Poor's Ratings Services views the plan to create the so-called Master Liquidity Enhancement Conduit (M-LEC) as an initiative that could help the credit markets to normalize. Still, the plan leaves questions unanswered regarding the path credit markets may take if the plan is not adopted, and the potential impact on banks' balance sheets of participating or not participating in the plan. For now, while we believe the plan could boost the liquidity of certain securities, and thus help banks that sponsor and provide liquidity lines
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| Brief Excerpt: | RESEARCH Ratings Definitions Creditworthiness Of U.S. Banks Does Not Hinge On Their Adopting "Super-SIV" Publication date: 23-Oct-2007 Primary Credit Analyst: Tanya Azarchs, New York (1) 212-438-7365; tanya_azarchs@standardandpoors.com...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
