- Language: English
- Published: December 2011
- Region: United States
Ratings On Class B And C Notes In European Property Capital 3 PLC Put On CreditWatch Positive Sep 06
- ID: 1781843
- September 2006
- Region: Europe
- Standard & Poors
LONDON (Standard & Poor's) Sept. 1, 2006Standard & Poor's Ratings Services said today that it placed on CreditWatch with positive implications its credit ratings on the class B and C notes issued by European Property Capital 3 PLC (see list below). The CreditWatch placement follows an initial review of the most recent transaction information received by Standard & Poor's. This analysis showed that the likelihood of a positive rating action has increased due to the prepayment of the Italian loan and the Alliance loan (26.4% and 20.9% of the closing portfolio balance, respectively) at the August interest payment date. The proceeds of the Alliance loan were applied 50% sequentially and 50% pro rata in accordance with the redemption profile of...
Companies mentioned in this report are:
- European Property Capital 3 PLC
Action: On CreditWatch:Positive
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Research type: News
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