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TEXT-S&P withdraws Centerpoint Energy Transition Bond II rating
Aug 9 - Standard & Poor's Ratings Services today withdrew its 'AAA (sf)'
rating on the class A2 notes from Centerpoint Energy Transition Bond Co. II LLC,
an asset-backed securities transaction backed by stranded assets created by
statute in conjunction with the state utility commission.
Today's withdrawal follows the complete paydown of the class A2 notes on the
Aug. 1, 2012, payment date.
According to the servicer's report as of the payment date, Centerpoint Energy
Transition Bond Co. II LLC paid off the class A2 notes in full.
STANDARD & POOR'S 17G-7 DISCLOSURE REPORT
SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating
relating to an asset-backed security as defined in the Rule, to include a
description of the representations, warranties and enforcement mechanisms
available to investors and a description of how they differ from the
representations, warranties and enforcement mechanisms in issuances of similar
securities. The Rule applies to in-scope securities initially rated (including
preliminary ratings) on or after Sept. 26, 2011.
If applicable, the Standard & Poor's 17g-7 Disclosure Report included in this
credit rating report is available at
RELATED CRITERIA AND RESEARCH
-- Global Structured Finance Scenario And Sensitivity Analysis: The
Effects Of The Top Five Macroeconomic Factors, Nov. 4, 2011
-- Principles Of Credit Ratings, Feb. 16, 2011
-- 91 Ratings Affirmed On 35 Stranded Cost Securitizations, Dec. 22, 2010
-- Presale: CenterPoint Energy Transition Bond Co. II LLC, Dec. 5, 2005
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