- Language: English
- 774 Pages
- Published: October 2012
- Region: World
Rating Assigned To Corporate Securitization BAA Funding's Class A14 Notes Jun 11
- Published: June 2011
- Standard & Poors
OVERVIEW We have assigned a 'A- (sf)' rating to BAA Funding's class A14 notes. BAA Funding will use the proceeds from the issuance to refinance part of its existing bank debt. This is a corporate securitization transaction that provides first-ranking security over the securitized assets that include Heathrow and Stansted airports and the Heathrow Express rail link. LONDON (Standard & Poor's) June 28, 2011--Standard & Poor's Ratings Services today assigned its 'A- (sf)' credit rating to BAA Funding Ltd.'s US$1 billion class A14 note issuance under its -50 billion multicurrency program. The outlook is stable. The semiannual interest coupon is 4.875% and the legal final maturity is July 15, 2023. BAA Funding is designed to consolidate debt for BAA Ltd.'s...
Companies mentioned in this report are: BAA Funding Ltd.
Action: New Rating
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BAA Funding Ltd.
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