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SGCIB takes over Rhineland funding from CIBC

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SG Corporate & Investment Bankinghas been named as substitute administrator for theRhineland Funding Capital Corp. conduit. SG takes over for CIBC, which announced its intention to resign as administrator in February (see ASR 3/1/04). The change officially becomes effective at 12:00 a.m. Thursday. On Sep. 14, 2004, both Moody’s Investors Service affirmed Rhineland’s ABCP rating at P1 and Fitch Ratings has affirmed at F-1.

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