Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes - S&P Global Ratings’ Credit Research

Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes

Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes - S&P Global Ratings’ Credit Research
Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes
Published Jun 29, 2017
6 pages (2258 words) — Published Jun 29, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW We have assigned credit ratings to Trafigura Securitisation Finance's series 2017-1 medium-term notes. The transaction securitizes a pool of trade receivables originated by Trafigura PTE and Trafigura Trading. This is Trafigura's fourth trade-receivables-backed medium-term note issuance. LONDON (S&P Global Ratings) June 29, 2017--S&P Global Ratings today assigned its credit ratings to Trafigura Securitisation Finance PLC's (TSF) trade receivables-backed series 2017-1 medium-term notes. At the same time, we have affirmed our ratings on all outstanding classes of notes issued by TSF (see list below). RATING RATIONALE The ratings reflect our assessment of the following factors. Economic Conditions The current portfolio predominantly comprises receivables from obligors domiciled in Asia-Pacific and Europe. However, the pool has a very high turnover rate and

  
Brief Excerpt:

...OVERVIEW + We have assigned credit ratings to Trafigura Securitisation Finance's series 2017-1 medium-term notes. + The transaction securitizes a pool of trade receivables originated by Trafigura PTE and Trafigura Trading. + This is Trafigura's fourth trade-receivables-backed medium-term note issuance. LONDON (S&P Global Ratings) June 29, 2017--S&P Global Ratings today assigned its credit ratings to Trafigura Securitisation Finance PLC's (TSF) trade receivables-backed series 2017-1 medium-term notes. At the same time, we have affirmed our ratings on all outstanding classes of notes issued by TSF (see list below). RATING RATIONALE The ratings reflect our assessment of the following factors. Economic Conditions The current portfolio predominantly comprises receivables from obligors domiciled in Asia-Pacific and Europe. However, the pool has a very high...

  
Report Type:

Ratings Action

Issuer
Trafigura Securitisation Finance PLC
Sector
Structured Finance
Country
Ireland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes" Jun 29, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-ABS-Deal-Trafigura-Securitisation-Finance-s-Series-2017-1-Medium-Term-Notes-1876868>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings Assigned To ABS Deal Trafigura Securitisation Finance's Series 2017-1 Medium-Term Notes Jun 29, 2017. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-ABS-Deal-Trafigura-Securitisation-Finance-s-Series-2017-1-Medium-Term-Notes-1876868>
  
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