...- We have assigned ratings to Great Bear Funding's single counterparty repo/total return swap (TRS) asset-backed commercial paper (ABCP) program, a designated standalone series. - The single counterparty for the series is The Bank of Nova Scotia and its related entities. - Great Bear is the third in a number of standalone, single counterparty repo/TRS ABCP series that form part of the Avalon repo/TRS ABCP program. - Avalon is the second repo/TRS ABCP program managed by Northcross Capital Management. PARIS (S&P Global Ratings) Oct. 29, 2021--S&P Global Ratings has assigned its credit ratings to the Euro commercial paper (CP) and U.S. CP programs established by Great Bear Funding DAC and its wholly owned subsidiary Great Bear Funding LLC (Great Bear US). Great Bear was incorporated on April 18, 2018, in Ireland as a designated activity company to establish a commercial paper program collateralized by investment contracts and, potentially, investment securities. It issues Euro CP in the European...
