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Bulletin: Ratings Unchanged In Epic (Brodie) PLC Following Review
Standard & Poors, Oct 2007
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
LONDON (Standard & Poor's) Oct. 18, 2007-Standard & Poor's Ratings Services said today that, following a review of Epic (Brodie) PLC based on the July 2007 servicer report released by, The Royal Bank of Scotland PLC (RBS), there are no changes to the ratings on the notes (see list below). No rating action is warranted at this time because the transaction's performance is stable. The transaction closed in June 2006, when it was backed by five loans with a total balance of -756.114 million. Since cut-off, two loans have prepaid (La Roca and Las Rozas). These loans are now part of the Epic (Value Retail) Ltd. transaction. The prepayments have weakened the pool but this was offset by the senior...
Companies mentioned in this report are: Epic (Brodie) PLC
Action: Bulletin
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