Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / rating-agency-criteria-structural-requirements-memo.docx
rating-agency-criteria-structural-requirements-memo.docx
Parties
Brindoval Ratings Inc
Pinnacle Rating Services LLC
Quorum Premium Finance LLC
Quorum Insurance Holdings Corp
Quorum Receivables Holding LLC
Ridgeline Capital Markets LLC
Fortbridge Corporate Services LLC
M. Vasquez
Dates
July 28, 2022
August 8, 2022
June 30, 2022
Amounts
$500,000,000
$375,000,000
$75,000,000
$35,000,000
$3.8
$2.1
$25,000,000
$7,427
$612,000,000
$112,000,000
Obligations
We must confirm that no carrier exceeds the 15% threshold in the initial pool, and we must request this data from QPF immediately to include in the rating agency presentation materials
The true sale opinions must be delivered by issuer's counsel (Calderwood & Harkness LLP)
We must confirm Northvane Bank's current Brindoval rating and ensure that it meets or exceeds the A(cr) minimum threshold
As noted in the discussion of Brindoval's criteria above, carrier-level stratification data must be obtained from QPF to confirm compliance with this limit
This additional requirement is not unusual but must be addressed specifically in the opinion letters or in a separate legal confirmation letter
must satisfy this rating threshold