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Special Purpose Vehicle UPCB Finance Ltd.'s Proposed ?500 Million Senior Secured Notes Rated 'B+' Jan 10 Product Image

Special Purpose Vehicle UPCB Finance Ltd.'s Proposed ?500 Million Senior Secured Notes Rated 'B+' Jan 10

  • Published: January 2010
  • Standard & Poors

Abstract
LONDON (Standard & Poor's) Jan. 13, 2010--Standard & Poor's Ratings Services said today that it assigned its 'B+' issue rating to the proposed -500 million senior secured notes to be issued by the special purpose vehicle (SPV) UPCB Finance Ltd., which is incorporated as a company limited by shares under the laws of the Cayman Islands and owned 100% by a charitable trust. At the same time, we placed the issue rating on CreditWatch with negative implications. We have not assigned a corporate credit rating to UPCB Finance Ltd., nor have we assigned a recovery rating to the proposed senior secured notes. The proceeds of the proposed senior secured notes will be used to fund a proposed facility (Facility V)...

Companies mentioned in this report are: Liberty Global Inc.,UPC Broadband Holding B.V.,UPC Financing Partnership,UPC Holding B.V.,UPCB Finance 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 READ MORE >

Liberty Global Inc.,UPC Broadband Holding B.V.,UPC Financing Partnership,UPC Holding B.V.,UPCB Finance Ltd.

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