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BULLETIN: Ratings In M&B's U.K. Pub Securitization Unchanged After Latest Review May 06
Standard & Poors, May 2006
Abstract
LONDON (Standard & Poor's) May 26, 2006-Standard & Poor's Ratings Services said today that there are no changes to the ratings in the Mitchells & Butlers Finance PLC (M&B) U.K. securitization following an analysis of yesterday's publication of M&B's interim results. M&B released a good set of results for the 28 weeks ending April 15, 2006. Sales on a like-for-like basis were up 4.2% in the 32 week period to May 13, 2006, with growth coming once again mainly from food and nonbeer drinks, and from public houses (pubs) in residential areas. In terms of turnover growth, the performance of M&B came in well ahead of the average growth rate observed in the broader pub market. Yesterday's results also showed...
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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