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BULLETIN: U.K.'s Green Paper On Future Of BBC Has No Effect On Related CMBS Transactions Mar 05
Standard & Poors, March 2005
Abstract
LONDON (Standard & Poor's) March 4, 2005 - The U.K.'s Department of Culture, Media & Sport's published its Green Paper reviewing the British Broadcasting Corp.'s (BBC) Royal Charter on March 2, 2005. Standard & Poor's Ratings Services has reviewed the effect of the Green Paper on two related European CMBS transactions and no rating action is to be taken at this time (see list below). The two transactions, Juturna (European Loan Conduit No. 16) PLC and Pacific Quay Finance PLC, provided funding for the BBC's London and Scottish headquarters, respectively. As expected, the proposals in the Green Paper support the same key credit fundamentals underpinning the ratings on the BBC, and proposals for change are relatively benign or gradual. The...
Companies mentioned in this report are: Juturna (European Loan Conduit No. 16) PLC,Pacific Quay 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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