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BULLETIN: Ratings Unchanged In Mitchells & Butlers Corp Sec After Interim Results May 05
Standard & Poors, May 2005
Abstract
LONDON (Standard & Poor's) May 19, 2005-Standard & Poor's Ratings Services said today that its ratings in the corporate securitization Mitchells & Butlers Finance PLC (M&B) remain unchanged after interim results were published by M&B today (see list below). As a result of our review and the performance of the portfolio since closing, there are no changes to the ratings on the notes of the securitization, in the expectation that the company will continue to perform in line with current EBITDA. M&B has released results for the 28 weeks ending April 9, 2005. The rolling four-quarter EBITDA was -368.5 million, slightly above the run rate of -366 million at closing. Results were good with sales growth coming mainly from food...
Companies mentioned in this report are: Mitchells & Butlers Finance PLC
Action: Bulletin
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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