Late Friday afternoon (May 16) Standard & Poor’s announced it would remove its credit watch negative standing on several auto lease transactions, all of which had been placed on review May 12, just four days earlier.  

The initial moved — tied to a reconsideration of the weight of the lien on the assets by the Pension Benefit Guaranty Corp. — stirred up a mass of criticism from Street researchers (see this week's coverage).  

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