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Lightning-fast reader MP told me about the DBRS call even before DBRS did!

Details are on their website. Basically:

DBRS is hosting a call today at 4:30 PM ET to discuss its updated criteria for rating Canadian ABCP Programs and outlines liquidity arrangement standards for Global Liquidity Standard ABCP (GLS-ABCP).

The call will be hosted by Huston Loke, Group Managing Director for Global Structured Finance. He will joined by senior members of DBRS’s Canadian Structured Finance department, Jerry Marriott, Managing Director for Canadian RMBS/ABS and James Feehely, Senior Vice President.

Update: There’s a story on Reuters and a press release on the DBRS site, unlinkable as usual (dorks!). The latter notes:

DBRS is pleased to announce today that it has updated its criteria for ABCP liquidity support arrangements to require contractual liquidity agreements that provide for the full and timely repayment of ABCP by the liquidity provider where the credit quality of the underlying assets, including credit enhancements, is sufficient to support funding at par (Global Liquidity Standard). DBRS will require that all new trusts issuing Canadian ABCP comply with the standards outlined below. DBRS plans to work with the current trust administrators and sponsors to ensure that current trust documentation will be revised to achieve the Global Liquidity Standard.

This entry was posted on Wednesday, September 12th, 2007 at 12:21 pm and is filed under Miscellaneous News, Reader Initiated Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.