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 There was no commercial paper outstanding in respect of the program at the time the rating was withdrawn.


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



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


Issuer Rating To Rating From

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

N.R.--Not rated.

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

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