Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed

Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed
Published Feb 23, 2016
Published Feb 23, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Scotland-based limited-purpose entity Aberdeen Roads (Finance) issued debt to finance the design, construction, and operation of the Aberdeen Western Peripheral Route (Balmedie to Tipperty) in northern Scotland. Project construction is behind schedule by several months, and we believe there is a chance that the contracting authority (CA) may not approve the revised construction schedule that is expected to be proposed by the AWPR Construction Joint Venture (CJV). Should the CA not grant this approval, the CJV is responsible for mitigating project delays, which we believe will be challenging. Consequently, we are revising the outlook on the project's senior secured debt to negative from stable and affirming our 'A-' long-term issue rating on the debt. The negative outlook reflects our view

  
Report Type:

Research Update

Issuer
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed" Feb 23, 2016. Alacra Store. Sep 15, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Aberdeen-Roads-Finance-Senior-Debt-Outlook-Revised-To-Negative-A-Rating-Affirmed-1584080>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Aberdeen Roads (Finance) Senior Debt Outlook Revised To Negative; 'A-' Rating Affirmed Feb 23, 2016. New York, NY: Alacra Store. Retrieved Sep 15, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Aberdeen-Roads-Finance-Senior-Debt-Outlook-Revised-To-Negative-A-Rating-Affirmed-1584080>
  
US$ 225.00
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