Presale: Titan Europe 2006-4 PLC Nov 06
Standard & Poors, November 2006
Abstract
Standard & Poor's Ratings Services has assigned preliminary credit ratings to the commercial mortgage-backed floating-rate notes to be issued by Titan Europe 2006-4 FS PLC. The proceeds from the issuance of the notes will be used to acquire a portion (class A1 and A2) of a senior loan, together with a beneficial interest in the related security secured ultimately by a portfolio of Four Seasons Healthcare homes. The related security will consist of, among other things, mortgages over 301 properties. The borrower will use the proceeds of the loan to part fund its acquisition of the Four Seasons Healthcare Group from Allianz Capital Partners GmbH. The ratings on the class A1 and A2 notes exceed the ratings on the ultimate...
Companies mentioned in this report are:
- The Royal Bank of Scotland N.V.
- Danske Bank A/S
- Credit Suisse International
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: Full Analysis
- The Royal Bank of Scotland N.V.
- Danske Bank A/S
- Credit Suisse International
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