The 'A-1 (sf)' ratings assigned to (and confirmed on) the standard, callable, puttable, and puttable/callable asset-backed commercial paper (ABCP) notes issued by Lexington Parker Capital Co. LLC are primarily based on: The full credit and liquidity support provided by liquidity agreements. Support providers rated 'A-1' or higher that provide liquidity or indemnification support for any hedging shortfalls. Structural protections to ensure the bankruptcy-remote structure of Lexington Parker Capital Co. LLC. The experience and ability of Guggenheim Treasury Services LLC as manager to carry out day-to-day operational services to Lexington Parker, such as add new sellers and monitor seller performance, manage and monitor the maturity of ABCP, and draw on liquidity and credit facilities to repay ABCP on a timely basis.
