TOKYO: Standard & Poor's Ratings Services today published its list of rating agency confirmations (RACs) for Japanese structured finance transactions from Nov. 1, 2012, to Nov. 30, 2012. We are publishing this list to provide investors and other market participants with more timely information regarding certain amendments to publicly rated structured finance transactions.
Our decision to provide an RAC reflects our opinion that a proposed amendment will not in and of itself result in a downgrade, withdrawal, or qualification of the outstanding ratings. We may issue RACs before or after an amendment closes or becomes effective, and we may base such RACs on documentation that has not been executed, but which we believe to be in substantially final form.
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