DBRS Discontinues Rating on Patriot Coal Receivables – within Versailles Commercial Paper LLC
ABCP, Structured CreditDBRS, Inc. (“DBRS”) has discontinued the public rating on the Liquidity Loan Agreement (LLA) related to Patriot Coal Receivables Ltd. transaction within Versailles Commercial Paper LLC (Versailles). As the result of being repaid in full, Patriot Coal Receivables Ltd. was terminated as one of the transactions in Versailles, a commercial paper conduit sponsored and administered by Natixis Financial Products Inc.
The principal methodology is the U.S. Trade Receivables Methodology, which can be found on the DBRS website.
This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.
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All figures are in U.S. dollars unless otherwise noted.