- Language: English
- Published: August 2012
- Region: Global
Special Purpose Vehicle UPCB Finance Ltd.'s Proposed ?500 Million Senior Secured Notes Rated 'B+' Jan 10
- Published: January 2010
- Standard & Poors
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 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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Liberty Global Inc.,UPC Broadband Holding B.V.,UPC Financing Partnership,UPC Holding B.V.,UPCB Finance Ltd.