Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program - S&P Global Ratings’ Credit Research

Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program

Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program - S&P Global Ratings’ Credit Research
Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program
Published Nov 03, 2026
Published Nov 03, 2026
Price US$ 375.00  |  Buy this Report Now

About This Report

  
Abstract:

Program Rating* Program limit (Mil. $)** Outstanding (Mil. $)$ Sponsor Type of conduit Euro CP A-1 (sf) 10,000$ 2,578 Northcross Capital Management Ltd. Investment contracts backed U.S. CP A-1 (sf) 10,000$ 5,524 Northcross Capital Management Ltd. Investment contracts backed *Our ratings address timely interest and ultimate principal. **The maximum aggregate nominal amount of outstanding Euro CP and U.S. CP combined cannot exceed $10 billion. $As of May 2026. CP--Commercial paper. Institution/role Ratings The Bank of New York Mellon, London Branch as account bank and custodian* AA-/Stable/A-1+ (ICR) The Bank of New York Mellon as hedge counterparty AA-/Stable/A-1+(ICR) The Bank of Nova Scotia, as series counterparty A+/Stable/A-1 (ICR) *Rating derived by applying our criteria “Assessing Bank Branch Creditworthiness”, published Oct. 14,

  
Report Type:

Transaction Update Report

Issuer
Great Bear Funding DAC
Sector
Structured Finance
Country
Ireland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Transaction Update: Great Bear Funding DAC – 2023/09/29 – US$ 375.00

Great Bear Funding DAC CP Ratings Affirmed – 2023/09/29 – US$ 150.00

New Issue: Great Bear Funding DAC – 2021/10/29 – US$ 500.00

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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. "Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program" Nov 03, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Great-Bear-Funding-DAC-Great-Bear-Funding-LLC-Up-To-10-Billion-ECP-and-USCP-Program-3653649>
  
APA:
S&P Global Ratings’ Credit Research. (). Transaction Update: Great Bear Funding DAC/Great Bear Funding LLC Up To $10 Billion ECP and USCP Program Nov 03, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Great-Bear-Funding-DAC-Great-Bear-Funding-LLC-Up-To-10-Billion-ECP-and-USCP-Program-3653649>
  
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