M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos - S&P Global Ratings’ Credit Research

M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos

M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos - S&P Global Ratings’ Credit Research
M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos
Published Jul 15, 2004
Published Jul 15, 2004
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) July 15, 2004--Standard&Poor's Ratings Services said today it affirmed its ratings--including its 'BBB/A-2' corporate credit ratings--on U.K.-based retailer Marks&Spencer PLC (M&S) and its related entities Marks&Spencer Finance PLC, St. Michael Finance PLC, and Marks&Spencer Finance (Nederland) B.V. At the same time, the ratings were removed from CreditWatch. The outlook is stable. The senior unsecured debt ratings on the bonds and notes issued by Marks&Spencer Financial Services PLC, however, remain on CreditWatch but the CreditWatch implications have been revised to positive from developing, reflecting the proposed sale of the division to the HSBC group. The rating actions follow an announcement by Revival Acquisitions Ltd. (a company owned

  
Report Type:

Ratings Action

Ticker
MKS@LN
Issuer
Marks&Spencer PLC
GICS
Department Stores (25503010)
Sector
Global Issuers, Structured Finance
Country
United Kingdom
Region
United States
Format:
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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. "M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos" Jul 15, 2004. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/M-S-Ratings-Affirmed-Off-Watch-Outlook-Stable-M-S-Financial-Services-Ratings-on-Watch-Pos-385212>
  
APA:
S&P Global Ratings’ Credit Research. (). M&S Ratings Affirmed, Off Watch; Outlook Stable; M&S Financial Services Ratings on Watch Pos Jul 15, 2004. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/M-S-Ratings-Affirmed-Off-Watch-Outlook-Stable-M-S-Financial-Services-Ratings-on-Watch-Pos-385212>
  
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