December 10, 2012 / 10:49 AM / 5 years ago

TEXT-S&P summary: Breeze Finance S.A.

Dec 10 -

===============================================================================

Summary analysis -- Breeze Finance S.A. --------------------------- 10-Dec-2012

===============================================================================

CREDIT RATING: None. Please see issue list. Country: Luxembourg

Primary SIC: Misc. business

credit

institutions

===============================================================================

Rationale

The long-term debt rating on the EUR287 million class A senior secured amortizing notes issued by Breeze Finance S.A. (Breeze Three) is ‘B’. The long-term debt rating on the EUR84 million class B subordinated notes is ‘C’. These ratings reflect Standard & Poor’s Ratings Services’ view of the respective underlying credit quality of these bonds, and take into account a composite of factors outlined below. The outlook on both debt issues is stable.

In addition, Breeze Three issued EUR84 million of class C notes (not rated), which rank below the class A and B notes. All of the bonds mature on April 19, 2027.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below