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Alba Group Assigned Preliminary 'BB-' Rtg On Integration Of Alba And Interseroh; Debt Rated Prelim 'B'; Outlook Stable Apr 11
Standard & Poors, April 2011
Abstract
Germany-based integrated waste management operator Alba Group PLC and Co. KG (Alba Group) is fully integrating its two business units, Alba AG and Interseroh SE. We are assigning our preliminary long-term corporate credit rating of 'BB-' to Alba Group, subject to the approval and registration of a Domination and Profit and Loss Transfer Agreement. We are also assigning a 'B' preliminary issue rating to the -200 million unsecured notes to be issued by Alba Group. The stable outlook reflects our view of the essential nature of waste management services, which should enable the consolidated group to at least sustain its current operating performance and leverage. LONDON (Standard & Poor's) April 12, 2011--Standard & Poor's Rating Services said today that it...
Companies mentioned in this report are: Alba Group plc & Co. KG
Action: New Rating
Action: Outlook: Stable
Action: Preliminary Rating
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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