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S&P Affirms Rating on Atlantic Asset Securitization

16 March 2000

S&P Affirms Rating on Atlantic Asset Securitization

    NEW YORK--March 16, 2000--Standard & Poor's affirmed its 'A-1' rating on the commercial paper notes of Atlantic Asset Securitization Corp.
    The rating action follows Atlantic's commitment to fund up to US$100 million of auto loan receivables from an auto finance company.
    The rating on Atlantic's commercial paper program is based on liquidity support from liquidity providers with short-term ratings commensurate with Atlantic's 'A-1' rating, and sufficient pool-specific credit enhancement.
    Atlantic is a multiseller, partially enhanced asset-backed commercial paper conduit sponsored by Credit Lyonnais, Standard & Poor's said.---CreditWire