from
S&P Credit Research1313 word report
published Mar 25, 2009
Price
$500.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | On March 19, 2009, the U.S. Treasury Department announced a new $5 billion program intended to provide much-needed liquidity to the domestic auto suppliers. This is the latest federal government initiative aimed at supporting the ailing automotive sector, efforts that Standard&Poor's Ratings Services believes will aid the industry but not, by themselves, reverse the deterioration of credit quality. Using funds from the Troubled Asset Relief Program (TARP), the program will allow qualifying suppliers to sell certain accounts receivable to the government (at an unspecified discount). The arrangement is similar to a factoring program,, but here, the government acts in lieu of traditional bank purchasers because of what we believe is a lack of demand for the Michigan-based automakers'
|
| Brief Excerpt: | RESEARCH Ratings Definitions Troubled Auto Suppliers Get Up To $5 Billion From U.S. Government, But Credit Improvement Is Still A Long Way Off Publication date: 25-Mar-2009 Primary Credit Analysts: Gregg Lemos Stein, New York (1)...
|
| Report Type: | Commentary
|
| Sector: | Automotive, Capital Goods, Collateralized Debt Obligations, Commercial MBS, Corporations, Global Issuers, Structured Finance
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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.
