'A+/A-1' Ratings Assigned to The Scottish American Investment Co. PLC; Outlook Stable Apr 01
Standard & Poors, April 2001
Abstract
LONDON (Standard & Poor's CreditWire) April 19, 2001--Standard & Poor's today assigned its single-'A'-plus long-term and 'A-1' short-term counterparty credit ratings to The Scottish American Investment Co. PLC (SAINTS). At the same time, Standard & Poor's assigned its single-'A'-plus senior secured debt rating to SAINTS' £80 million ($114 million) bond due 2022. The outlook is stable. The ratings on SAINTS reflect the broad diversification and marketable nature of the investment portfolio. The ratings are constrained by the relatively high leverage. The trust's asset manager has changed ownership in the past year, which has helped to deepen its research capability, although performance has been merely satisfactory. SAINTS is a large global growth U.K. investment trust with an investment portfolio of £549...
Companies mentioned in this report are:
- Scottish American Investment Co. PLC
- Commonwealth Bank of Australia
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.
- Scottish American Investment Co. PLC
- Commonwealth Bank of Australia
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