SuperLumina Funding, a newly rated multi-seller ABCP conduit, plans to fund about $1.25 billion in U.S. dollar, triple-A rated new-issue CDOs as its first course of business.

Last week Moody's Investors Service authorized SuperLumina on a prior review basis to issue $12.5 billion in ABCP. Standard & Poor's is expected to announce it has rated the conduit as well. The non-bank sponsored vehicle, structured and managed by International Asset Transactions LLC, is more than three years in the making.

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