|
|
 |
|
Viewing report
|
|
|
|
Annes Gate Property PLC's ?174 Mil. Index-Linked and ?100 Mil. Fixed-Rate Bonds Rated 'AAA' Mar 02
Standard & Poors, March 2002
Abstract
LONDON (Standard & Poor's) March 20, 2002--Standard & Poor's said today it assigned its triple-'A' long-term debt rating to the -174 million index-linked bonds (including -30 million of variation bonds) and the -100 million fixed-rate bonds due 2031 issued by Annes Gate Property PLC (AGP). The funds will be used to finance the design and construction of new facilities for the U.K. government's Home Office in London. The project is part of the U.K. government's private finance initiative (PFI). 'The insured rating reflects the guarantee provided by triple-'A'-rated Ambac Assurance U.K. Ltd. The underlying project has several key strengths including, strong project participants, especially building contractor Bouygues (U.K.) Ltd., whose parent company Bouygues Construction S.A., will guarantee construction and operations....
Companies mentioned in this report are: Ambac Assurance U.K. Ltd.,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.
|
|
|
|
