TEXT-S&P Withdraws Rating On Liberty Scarborough Trust ABCP Program

Mon Dec 3, 2012 6:20pm EST

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SYDNEY (Standard & Poor's) Dec. 4, 2012--Standard & Poor's Ratings Services today withdrew its 'A-1+ (sf)' rating on Liberty Scarborough Trust at the request of the issuer. There was no commercial paper outstanding in respect of the program at the time the rating was withdrawn.

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

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REGULATORY DISCLOSURES

Please refer to the initial rating report for any additional regulatory disclosures that may apply to a transaction.

RATING WITHDRAWN

Issuer Rating To Rating From

Liberty Scarborough Trust N.R. A-1+ (sf)

N.R.--Not rated.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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