Ratings On Landmark Operations Ltd.'s Note Program Affirmed And Withdrawn - S&P Credit Research

Ratings On Landmark Operations Ltd.'s Note Program Affirmed And Withdrawn

913 words — Published Mar 01, 2010
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Abstract:

MELBOURNE (Standard&Poor's) March 1, 2010--Standard&Poor's Ratings Services today said that it had affirmed and withdrawn its 'BBB-' long-term and 'A-3' short-term ratings on Landmark Operations Ltd.'s deposit note program. The notes were guaranteed by AWB Ltd. (AWB; BBB-/Negative/--). Earlier today, AWB announced the sale of its Landmark Financial Services business to Australia and New Zealand Banking Group Ltd. (ANZ; AA/Stable/A-1+). The sale includes the A$300 million Landmark debenture book and the A$2.3 billion rural loan book previously contained within the Rural Master Trust structure. Following the sale to ANZ, all of the outstanding deposit notes have been fully repaid and redeemed. The 'BBB-/A-3' issue ratings on Landmark, prior to the withdrawal, reflected the guarantee provided by

  
Brief Excerpt:

RESEARCH Ratings Definitions Ratings On Landmark Operations Ltd.'s Note Program Affirmed And Withdrawn Publication date: 01-Mar-2010 Primary Credit Analyst: Craig Parker, Melbourne (61) 3-9631-2073; craig_parker@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Landmark Operations Ltd.
Sector
Global Issuers
Country
Region
Pacific
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MLA:
S&P Credit Research. "Ratings On Landmark Operations Ltd.'s Note Program Affirmed And Withdrawn" Mar 01, 2010. Alacra Store. Sep 22, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Landmark-Operations-Ltd-s-Note-Program-Affirmed-And-Withdrawn-778408>
  
APA:
S&P Credit Research. (). Ratings On Landmark Operations Ltd.'s Note Program Affirmed And Withdrawn Mar 01, 2010. New York, NY: Alacra Store. Retrieved Sep 22, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Landmark-Operations-Ltd-s-Note-Program-Affirmed-And-Withdrawn-778408>
  
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