...S&P Global Ratings today assigned its 'A-1 (sf)' ratings to the series B standard, callable, puttable, and puttable/callable asset-backed commercial paper (ABCP) notes issued by Lexington Parker Capital Co. LLC (Lexington Parker). We also maintain ratings on Lexington Parker's series A ABCP notes. Our ratings reflect: + The full credit and liquidity support provided by liquidity agreements; + The support providers rated 'A-1' or higher that provide liquidity or indemnification support for any hedging shortfalls and any risks associated with floating reference rates; + The structural protections to ensure the bankruptcy-remote structure of Lexington Parker; and + Guggenheim Treasury Services LLC's (Guggenheim) experience and ability as program manager to carry out day-to-day operational services to Lexington Parker, which include adding new sellers, monitoring seller performance, managing and monitoring ABCP maturity, and drawing on the liquidity and credit facilities to repay ABCP on time....
