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Storm King Funding Trust - Moody's: No Adverse Rating Impact On The Abcp Issued By Storm King Funding Following The Addition Of A Cad250 Million Home Equity Line Of Credit Securitization Facility

by finance.yahoo.com posted 1week ago 217 views
Moody's announced today that the addition of a CAD250 million revolving home equity line of credit (HELOC) securitization facility would not, in and of itself and as of this point in time, result in a reduction, placement on review for possible downgrade or withdrawal of Moody's current rating of Prime-1(sf) of the Series 1 notes (ABCP) issued by Storm King Funding (Storm King). Storm King is a partially supported, multi-seller Canadian ABCP program sponsored and administered by Royal Bank of Canada (RBC).

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