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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (27732)3/3/2005 4:12:46 PM
From: patron_anejo_por_favor  Read Replies (2) of 110194
 
Speaking of moral hazard, this stuff is the cornerstone of ANY conservative investment portfolio!<G>

biz.yahoo.com

NEW YORK--(BUSINESS WIRE)--March 3, 2005--Fitch Ratings assigns an 'A' rating to $175 million class B (2005-1) card series notes issued by the Capital One Multi-asset Execution Trust (COMET). The class B (2005-1) notes accrue interest at a fixed annual rate of 4.90% (payable monthly), and have expected principal and legal maturity dates of Feb. 17, 2015 and Dec. 15, 2017, respectively

An "A" rating for unsecured credit card receivables with a 10 year maturity (and a spread to TREAURIES of 50 bp)? Nah, I don't think so.....but it's out there and coming to a money market fund near you!<NFG>
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