- Language: English
- 92 Pages
- Published: March 2010
- Region: United Kingdom
Transaction Update: Consort Healthcare (Tameside) PLC Jan 12
- Published: January 2012
- Standard & Poors
U.K.-based special-purpose vehicle Consort Healthcare (Tameside) PLC (ProjectCo) is using the proceeds of the bonds to finance the design, construction, and operation of health care facilities for the Tameside Hospital National Health Service (NHS) Foundation Trust (the Trust) under a 34-year project agreement, as part of the U.K. government's private finance initiative (PFI) program. The bonds have an unconditional and irrevocable guarantee provided by Ambac Assurance U.K. Ltd. (Ambac; not rated) of payment of scheduled interest and principal. Under Standard & Poor's Ratings Services' criteria, a rating on a monoline-insured debt issue reflects the higher of the rating on the monoline and Standard & Poor's underlying rating (SPUR). The long-term debt rating on the bond currently reflects the SPUR. The...
Companies mentioned in this report are: Consort Healthcare (Tameside) PLC,Ambac Assurance U.K. Ltd.
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Consort Healthcare (Tameside) PLC,Ambac Assurance U.K. Ltd.