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Baglan Moor Healthcare PLC's ?65.9 million Bond Assigned 'AAA' Rating May 00
Standard & Poors, May 2000
Abstract
LONDON (Standard & Poor's CreditWire) May 15, 2000--Standard & Poor's today assigned its triple-'A' long-term insured bond rating to Baglan Moor Healthcare PLC's (Baglan Moor) -65.9 million (about US$99 million) secured guaranteed bond issue, due 2029. This is the first Welsh public finance initiative (PFI) deal rated by Standard & Poor's. The funds will be used to finance the design and construction of a new 270-bed local general hospital in Baglan, Wales, providing an important healthcare facility for the counties involved. The insured rating reflects the guarantee of scheduled payment of principal and interest to bondholders by the insurance policy issued by Financial Security Assurance (U.K.) Ltd. (AAA/Stable/--). The rating on Financial Security Assurance (U.K.) Ltd. is based on the...
Companies mentioned in this report are: Baglan Moor Healthcare PLC,Assured Guaranty Municipal Corp.,Assured Guaranty (Europe) Ltd.
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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