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Transaction Update: Ancora (RCH) Pty Ltd. Dec 11 Product Image

Transaction Update: Ancora (RCH) Pty Ltd. Dec 11

  • ID: 2031760
  • December 2011
  • Standard & Poors

Abstract
Ancora (RCH) Pty Ltd. (Ancora) is the finance arm of Children's Health Partnership Pty Ltd. (ProjectCo), which is the trustee of the CHP Unit Trust, the concession holder for the Melbourne Royal Children Hospital project granted by the State of Victoria in 2007. Under the terms of the agreement, ProjectCo is responsible for the procurement of the design and construction of a new 357-bed facility adjacent to the existing hospital, as well as refurbishment of certain existing buildings and construction of a hotel with up to 100 rooms. Once completed, ProjectCo will also be responsible for the provisions of certain facilities management (FM) services relating primarily to the maintenance of the facilities. ProjectCo has subcontracted its construction-related obligations to Bovis...

Companies mentioned in this report are: Ancora (RCH) Pty Ltd.,Children's Health Partnership Holdings Pty Ltd.
Action: Review

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: Full Analysis

Ancora (RCH) Pty Ltd.,Children's Health Partnership Holdings Pty Ltd.

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