Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated - S&P Global Ratings’ Credit Research

Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated

Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated - S&P Global Ratings’ Credit Research
Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated
Published Oct 14, 2022
2 pages (1049 words) — Published Oct 14, 2022
Price US$ 150.00  |  Buy this Report Now

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Abstract:

PARIS (S&P Global Ratings) Oct. 14, 2022--S&P Global Ratings today reinstated its 'AAA (sf)' and 'BBB (sf)' credit ratings on Trafigura Securitisation Finance PLC's senior CP funded notes and junior CP funded notes, respectively. We withdrew these ratings in error on Sept. 30, 2022. Today's reinstatement corrects this error. Trafigura Securitisation Finance securitizes trade receivables arising from Trafigura's energy and commodity trading business. The legal final maturity date for both notes is defined as the revolving period termination date of the transaction plus six months which is currently set as Sept. 30, 2027. Criteria Structured Finance ABS: Global Trade Receivable Methodologies And Assumptions, June 29, 2021 Criteria Structured Finance General: Global Framework For Payment Structure And

  
Brief Excerpt:

...October 14, 2022 PARIS (S&P Global Ratings) Oct. 14, 2022--S&P Global Ratings today reinstated its '### (sf)' and '### (sf)' credit ratings on Trafigura Securitisation Finance PLC's senior CP funded notes and junior CP funded notes, respectively. We withdrew these ratings in error on Sept. 30, 2022. Today's reinstatement corrects this error. Trafigura Securitisation Finance securitizes trade receivables arising from Trafigura's energy and commodity trading business. The legal final maturity date for both notes is defined as the revolving period termination date of the transaction plus six months which is currently set as Sept. 30, 2027....

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
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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. "Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated" Oct 14, 2022. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Trafigura-Securitisation-Finance-PLC-Variable-Rate-CP-Funded-Notes-Ratings-Reinstated-2902826>
  
APA:
S&P Global Ratings’ Credit Research. (). Trafigura Securitisation Finance PLC (Variable-Rate CP Funded Notes) Ratings Reinstated Oct 14, 2022. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Trafigura-Securitisation-Finance-PLC-Variable-Rate-CP-Funded-Notes-Ratings-Reinstated-2902826>
  
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