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Exchequer Partnership (No. 2) PLC 'AAA' Insured and 'BBB' Underlying Debt Rtgs Afrmd; Otlk Stb

Published Aug 19, 2004

566 words — Published Aug 19, 2004

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Abstract:

LONDON (Standard & Poor's) Aug. 19, 2004--Standard & Poor's Rating Services said today it affirmed its 'AAA' insured and 'BBB' underlying senior secured debt ratings on the ú166 million ($262 million) bonds issued by Exchequer Partnership (No. 2) PLC (EP2), due 2036. The outlook is stable. The insured rating reflects the unconditional and irrevocable guarantee of payment of scheduled interest and principal on the bonds provided by Financial Security Assurance (U.K.) Ltd. (AAA/Stable/--). Under a U.K. government private finance initiative (PFI), the bond proceeds from EP2 are being used to refurbish about 50% of Grade II listed government offices in Great George Street (GOGGS). The refurbishment work undertaken by EP2 commenced in 2002 and is due to be completed in

Brief Excerpt:

RESEARCH Exchequer Partnership (No. 2) PLC '###' Insured and '###' Underlying Debt Rtgs Afrmd; Otlk Stb Publication date: 19-Aug-2004 LONDON (Standard & Poor's) Aug. 19, 2004--Standard & Poor's Rating Services said today it affirmed...

Report Type:

News

Issuer

Exchequer Partnership (No. 2) PLC

Sector

Global Issuers, Utilities

Format:

HTML

Exchequer Partnership (No. 2) PLC Underlying Debt Rating Raised To 'BBB+'; Outlook Stable – 2006/01/31 – US$ 150.00

Research Update: Exchequer Partnership (No. 2) PLC Underlying Debt Rating Raised To 'BBB+'; Outlook Stable – 2006/01/31 – US$ 225.00

Exchequer Partnership (No. 2) Debt Affirmed at 'AAA' (Insured); Recovery Rating Raised To '1' – 2007/01/26 – US$ 150.00

Research Update: Exchequer Partnership (No. 2) Debt Affirmed at 'AAA' (Insured); Recovery Rating Raised To '1' – 2007/01/26 – US$ 225.00

Summary: Exchequer Partnership (No. 2) PLC – 2007/09/11 – US$ 225.00

Research Update: Exchequer Partnership (No. 2) PLC – 2004/08/19 – US$ 225.00

Exchequer Partnerships (No. 2) PLC Proposed Bonds Rated 'AAA' Insured and 'BBB' Underlying – 2002/12/13 – US$ 150.00

Research Update: Exchequer Partnerships (No. 2) PLC – 2002/12/13 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Exchequer Partnership (No. 2) PLC 'AAA' Insured and 'BBB' Underlying Debt Rtgs Afrmd; Otlk Stb" Aug 19, 2004. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Exchequer-Partnership-No-2-PLC-AAA-Insured-and-BBB-Underlying-Debt-Rtgs-Afrmd-Otlk-Stb-391032>

APA:	S&P Global Ratings’ Credit Research. (). Exchequer Partnership (No. 2) PLC 'AAA' Insured and 'BBB' Underlying Debt Rtgs Afrmd; Otlk Stb Aug 19, 2004. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Exchequer-Partnership-No-2-PLC-AAA-Insured-and-BBB-Underlying-Debt-Rtgs-Afrmd-Otlk-Stb-391032>

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