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Bulletin: Ratings Unchanged In Ursus 2 (Octane) PLC Following Review Oct 07 Product Image

Bulletin: Ratings Unchanged In Ursus 2 (Octane) PLC Following Review Oct 07

  • ID: 1782114
  • October 2007
  • Standard & Poors

LONDON (Standard & Poor's) Oct. 3, 2007Standard & Poor's Ratings Services said today that, following a review of Ursus 2 (Octane) PLC based on data provided by the servicer, CB Richard Ellis Loan Servicing Ltd., up to and including August 2007, there are no changes to the ratings on the notes (see list below). Our review shows that the transaction's performance is stable and that no rating action is warranted at this time. The transaction closed in July 2006 and is backed by one loan secured on 180 petrol filling stations and convenience retail units in England, Wales, and Scotland. The stations are let to Shell U.K. Ltd. The issuer used the note proceeds to acquire a fixed-rate bond from...

Companies mentioned in this report are:
- Ursus 2 (Octane) PLC

Action: Bulletin

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.

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