Bergamo Acquisition Corp. (BGMO)

[old man river]

There are two fundamental issues with the document.

These ratings are dated from a time when ABS were in vogue and had high ratings. Comes the credit crunch two months after the report, and most asset backed securities became illiquid and fetched as low as 30 cents on the dollar. So, a rating of AAA for a derivative investment in 2008 would more than likely be closer to a single B or lower.

The other glaring issue is that the reference to US Capital Funding was prior to the creation of the company. So, obviously, it cannot be the same security. A similar name but not the same. Older ratings as far back as 2000 have different company names but so similar the typical reader loses the subtle difference.