| Title: | Summary: Octagon Healthcare Funding PLC |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | The insured 'AAA/Stable' debt rating on the senior secured £341.23 million bonds, including £35 million in variation bonds, issued by special-purpose vehicle Octagon Healthcare Funding PLC (the Issuer) reflects the unconditional and irrevocable guarantee provided by Financial Security Assurance (U.K.) Ltd. (AAA/Stable/--) of payment of scheduled interest and principal on the bonds. The 'BBB' underlying rating on the project reflects a composite of risk factors. Octagon Healthcare Funding PLC issued the bonds in December 2003 and onlent the proceeds to Octagon Healthcare Ltd. (ProjectCo) to refinance senior bank debt and meet various costs and distributions. ProjectCo used the original bank debt to fund the design and construction of Norfolk and Norwich University Hospital on behalf of the Norfolk and Norwich |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Octagon Healthcare Funding PLC Publication date: ##-Apr-#### Primary Credit Analyst: Beata Sperling-Tyler, London (##) ##-####-####; beata_sperling-tyler@standardandpoors.com Secondary Credit... |
| Word Count: | 1109 |
| Issuer: | Octagon Healthcare Funding PLC |
| GICS: | Health Care Facilities (35102020) |
| Sector: | Global Issuers, Utilities |
| Country: | United Kingdom |
| Region: | Europe, Middle East, Africa |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
