|
|
 |
|
Viewing report
|
|
|
|
Argentina's Province Of Neuqu?n Secured Amortizing Notes Assigned 'B (sf)' Rating
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
BUENOS AIRES (Standard & Poor's) April 25, 2011--Standard & Poor's Ratings Services today assigned its 'B (sf)' rating to Argentina's Province of Neuqu-n's US$260 million debt cancellation bond program (Program de Titulos de Cancelaci-n de Pasivos, or TICAP) due 2021 (see list). This is the province's second structured transaction secured by oil royalties. On April 14, 2011, the investors of Titulos de Deuda de Desarrollo Provincial (TIDEPRO) bonds, the province's first issuance, agreed to a change in the bonds' terms and conditions that enabled the province issue the TICAP bonds. (For additional information, see 'Ratings Affirmed On Province Of Neuqu-n's Secured Amortizing Notes On Investor Consent To Proposed Amendments,' published April 15, 2011.) The notes will pay a 7.875% fixed...
Companies mentioned in this report are: Province of Neuquen
Action: New Rating
|
|
|
|
