| Title: | Angel Trains Group Ltd. |
| Price: | $400.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Full Report |
| Abstract: | Market-leading position in the U.K. rail rolling-stock leasing sector Predictable contractual cash flows Strong, supportive parent Strong support from the Department for Transport in the event of lessee insolvency Ongoing exposure to re-leasing risk, which is partially offset by the poor availability of replacement stock Regulatory review risk Increasing reliance on less predictable international markets over the medium to long term High usage of short-term debt to finance long-term assets The ratings on Angel Trains Group Ltd. (Angel) and its subsidiaries reflect the market-leading position of Angel Trains Ltd. (ATL) in the U.K. rail-leasing sector as one of only three rolling-stock leasing companies, all of which operate under a supportive contractual framework. ATL benefits from a strong EBITDA margin of |
| Brief Excerpt: | RESEARCH Ratings Definitions Angel Trains Group Ltd. Publication date: ##-May-#### Primary Credit Analyst: Olli Rouhiainen, London (##) ##-####-####; olli_rouhiainen@standardandpoors.com Secondary Credit Analyst: James Hoskins, London... |
| Word Count: | 4586 |
| Ticker: | 1161607ZLN |
| Issuer: | Angel Trains Group Ltd. |
| GICS: | Railroads (20304010) |
| Sector: | Global Issuers, Corporations, Transportation |
| Country: | United Kingdom |
| Region: | Europe, Middle East, Africa |
| Format: | 
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