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Bina-Istra Proposed ?210 Million Bond Issue Due 2022 Assigned 'BB+' Rating; Outlook Stable Jan 03
Standard & Poors, Jan 2003
Abstract
LONDON (Standard & Poor's) Jan. 22, 2003--Standard & Poor's Ratings Services said today it assigned its 'BB+' long-term preliminary rating to the proposed -210 million senior secured bonds due 2022 to be issued by Bina-Istra, d.d. The outlook is stable. The final rating will be issued upon receipt and satisfactory review of all final transaction documentation, including final bank facility terms and legal opinions. Accordingly, this rating should not be construed as evidence of Standard & Poor's final rating. If Standard & Poor's does not receive the documents within a reasonable period of time, or if the documentation departs from material it has reviewed, it reserves the right to withdraw and nullify the rating. (See the presale report entitled 'Presale:...
Companies mentioned in this report are: Croatia (Republic of),Bouygues S.A.
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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