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Artesian Finance II PLC Senior Secured Guaranteed Bond Issue Assigned 'AAA' Debt Rating May 03
Standard & Poors, May 2003
Abstract
LONDON (Standard & Poor's) May 2, 2003--Standard & Poor's Ratings Services said today it assigned its 'AAA' long-term debt rating to the -500.0 million ($805.5 million) senior secured bond program of Artesian Finance II PLC (AF II), and to the -30 million guaranteed 6.00% series 1 fixed senior secured bond issue due Sept. 30, 2033, issued under the program. At the same time, an additional -14.799 million of series 4 senior secured guaranteed bonds was issued by Artesian Finance PLC under its 'AAA'-rated -500 million program. The total bond issuance under the program is now -252.299 million. The bonds are index-linked at 3.625%, and due to mature on Sept. 30, 2032. The 'AAA' ratings assigned to both bond issues reflect...
Companies mentioned in this report are: Artesian Finance II PLC,Assured Guaranty (Europe) Ltd.,Artesian Finance PLC
Action: New 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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