LONDON (Standard & Poor's) Jan. 19, 2007--Standard & Poor's Ratings Services said today it affirmed its 'AAA' insured and 'A' underlying long-term debt ratings on the ú406.85 million 6.48% guaranteed senior secured bonds, due 2029, issued by U.K.-based special-purpose vehicle, Integrated Accommodation Services PLC. The outlook on the underlying rating is stable. At the same time, Standard & Poor's raised its recovery rating on the debt to '1' from '2', reflecting our increased comfort about the capability to fully recover outstanding debt (in the absence of a guarantee), as operations continue to mature. The 'AAA' insured debt rating reflects the unconditional and irrevocable guarantee of payment of scheduled interest and principal provided by Financial Security Assurance (U.K.) Ltd. (local currency
