Rating On Proposed AMTN Issue Of NSW Ports Discontinued - S&P Global Ratings’ Credit Research

Rating On Proposed AMTN Issue Of NSW Ports Discontinued

Rating On Proposed AMTN Issue Of NSW Ports Discontinued - S&P Global Ratings’ Credit Research
Rating On Proposed AMTN Issue Of NSW Ports Discontinued
Published May 17, 2022
3 pages (1204 words) — Published May 17, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) May 17, 2022--S&P Global Ratings said today that it has discontinued its 'BBB' long-term issue credit rating on the proposed senior secured Australian medium-term notes (AMTN) of NSW Ports Finance Co. Pty Ltd. (BBB/Stable/--). The company has decided to postpone issuance until further notice due to a change in the company's financing plan amid current market conditions. We note that the company has adequate liquidity supported by additional debt raised through alternate funding sources. General Criteria: Group Rating Methodology, July 1, 2019 Criteria Corporates General: Corporate Methodology: Ratios And Adjustments, April 1, 2019 Criteria Corporates General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 Criteria Corporates General: Methodology

  
Brief Excerpt:

...May 17, 2022 MELBOURNE (S&P Global Ratings) May 17, 2022--S&P Global Ratings said today that it has discontinued its '###' long-term issue credit rating on the proposed senior secured Australian medium-term notes (AMTN) of NSW Ports Finance Co. Pty Ltd. (###/Stable/--). The company has decided to postpone issuance until further notice due to a change in the company's financing plan amid current market conditions. We note that the company has adequate liquidity supported by additional debt raised through alternate funding sources....

  
Report Type:

Ratings Action

Issuer
NSW Ports Finance Co. Pty. Ltd.
Sector
Global Issuers
Country
Australia
Region
Pacific
Format:
PDF Adobe Acrobat
Buy Now

NSW Ports Finance Co. Pty. Ltd. – 2022/11/17 – US$ 500.00

NSW Ports Finance Co. Pty. Ltd. – 2023/10/31 – US$ 500.00

NSW Ports Finance Co. Pty Ltd. – 2024/11/06 – US$ 500.00

Tear Sheet: NSW Ports Finance Co. Pty. Ltd. – 2025/05/08 – US$ 500.00

NSW Ports Finance Co. Pty. Ltd – 2021/12/05 – US$ 500.00

NSW Ports Finance Co. Pty. Ltd – 2020/11/04 – US$ 500.00

NSW Ports Finance Co. Pty. Ltd – 2019/11/03 – US$ 500.00

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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. "Rating On Proposed AMTN Issue Of NSW Ports Discontinued" May 17, 2022. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Proposed-AMTN-Issue-Of-NSW-Ports-Discontinued-2839558>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Proposed AMTN Issue Of NSW Ports Discontinued May 17, 2022. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Proposed-AMTN-Issue-Of-NSW-Ports-Discontinued-2839558>
  
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