Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research

Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request

Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research
Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request
Published Apr 19, 2017
5 pages (1404 words) — Published Apr 19, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

German waste management company ALBA Group has refinanced its capital structure after the disposal of 60% stakes in its services and high-growth business in China to the joint venture set up with Techcent. We are affirming our long-term corporate credit rating on ALBA Group at 'B+' and withdrawing the rating at the issuer's request. The outlook was positive at the time of withdrawal. On April 19, 2017, S&P Global Ratings affirmed its 'B+' long-term corporate credit rating on German waste management company ALBA Group plc&Co. KG. We also affirmed our 'B-' issue-level rating on the company's €203 million senior unsecured notes, for which the company recently issued a redemption notice and plans to settle the redemption with proceeds

  
Brief Excerpt:

...German waste management company ALBA Group has refinanced its capital structure after the disposal of 60% stakes in its services and high-growth business in China to the joint venture set up with Techcent....

  
Report Type:

Research Update

Issuer
ALBA Group plc&Co. KG
GICS
Environmental & Facilities Services (20201050)
Sector
Global Issuers
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request" Apr 19, 2017. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ALBA-Group-B-Rating-Affirmed-Then-Withdrawn-At-The-Issuer-s-Request-1834032>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: ALBA Group 'B+' Rating Affirmed Then Withdrawn At The Issuer's Request Apr 19, 2017. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ALBA-Group-B-Rating-Affirmed-Then-Withdrawn-At-The-Issuer-s-Request-1834032>
  
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