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Bulletin: Next Debt Is Transferred To Next Group PLC; Ratings Unaffected

Published Mar 06, 2019

2 pages (898 words) — Published Mar 06, 2019

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Abstract:

LONDON (S&P Global Ratings) March 6, 2019--S&P Global Ratings said today that following the debt issuer substitution transaction that Next PLC (BBB/Negative/A-2) completed on Jan. 31, 2019, all debt ratings are unchanged. The borrower of all debt instruments is Next's core subsidiary, Next Group PLC, and Next PLC guarantees all rated debt. The senior unsecured notes due 2021, 2026, and 2028, and the senior unsecured revolving credit facility due November 2022 are all rated 'BBB'.

Brief Excerpt:

...LONDON (S&P Global Ratings) March 6, 2019--S&P Global Ratings said today that following the debt issuer substitution transaction that Next PLC (###/Negative/A-2) completed on Jan. 31, 2019, all debt ratings are unchanged. The borrower of all debt instruments is Next's core subsidiary, Next Group PLC, and Next PLC guarantees all rated debt. The senior unsecured notes due 2021, 2026, and 2028, and the senior unsecured revolving credit facility due November 2022 are all rated '###'. This report does not constitute a rating action....

Report Type:

Bulletin

Ticker

NXT@LN

Issuer

Next PLC

GICS

Department Stores (25503010)

Sector

Global Issuers

Country

United Kingdom

Region

Europe, Middle East, Africa

Format:

PDF

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Next Debt Is Transferred To Next Group PLC; Ratings Unaffected" Mar 06, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Next-Debt-Is-Transferred-To-Next-Group-PLC-Ratings-Unaffected-2176486>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Next Debt Is Transferred To Next Group PLC; Ratings Unaffected Mar 06, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Next-Debt-Is-Transferred-To-Next-Group-PLC-Ratings-Unaffected-2176486>

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