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PR Newswire
08-10-2012, 10:55 AM
Credit Rating of Basslink Bonds
Extracts,
As part of CitySpring’s acquisition of Basslink in August 2007, Basslink issued three bonds maturing in 2015, 2017 and 2019 (“Basslink Bonds”). The Basslink Bonds are rated by Standard and Poor’s (“S&P”) and Moody’s.
Moody’s has informed the Trustee-Manager that it has revised the outlook on the Basslink Bonds’ Baa2 underlying senior secured rating to negative from stable. A copy of Moody’s press release is attached.
The Basslink Bonds is rated BBB- with a stable outlook by S&P.
This change in ratings outlook by Moody’s on the Basslink Bonds has no impact on the annual distribution per unit targeted for FY13 which was announced on 3 May 2012
<Not Vested>
Extracts,
As part of CitySpring’s acquisition of Basslink in August 2007, Basslink issued three bonds maturing in 2015, 2017 and 2019 (“Basslink Bonds”). The Basslink Bonds are rated by Standard and Poor’s (“S&P”) and Moody’s.
Moody’s has informed the Trustee-Manager that it has revised the outlook on the Basslink Bonds’ Baa2 underlying senior secured rating to negative from stable. A copy of Moody’s press release is attached.
The Basslink Bonds is rated BBB- with a stable outlook by S&P.
This change in ratings outlook by Moody’s on the Basslink Bonds has no impact on the annual distribution per unit targeted for FY13 which was announced on 3 May 2012
<Not Vested>
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------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------