|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings Unchanged In Mitchells And Butlers Finance PLC Following Review Dec 07
Standard & Poors, Dec 2007
Abstract
LONDON (Standard & Poor's) Dec. 17, 2007-Standard & Poor's Ratings Services said today that the ratings on the notes issued by Mitchells & Butlers Finance PLC (MAB Finance) remain unchanged following a review (see list below). Standard & Poor's reviewed MAB Finance and the performance of its portfolio in light of full year results to Sept. 29, 2007. Mitchell & Butlers Group (MAB) released a healthy set of results for the 52 weeks ending Sept. 29, 2007. Over this period, sales on a like-for-like basis were up 3%, with growth coming once again mainly from food and non-beer drinks. The underlying asset portfolio backing the notes has performed well since closing, showing a continuing improvement in cash flow generation mainly...
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.
|
|
|
|
