|
|
Article: U.K. Whole Business Deals in a Pinch.(Global Report)
- Article from:
- Asset Securitization Report
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Nora Colomer
The U.K. pub sector faces further constraints as turnover and profit margins are expected to drive the declining industry trend. Market analysts said it is likely that whole business deals tied to this sector will see performance suffer as a result.
The deteriorating economic outlook, harsh pub trading environment and declining financial performance have contributed to negative rating actions.
Fitch Ratings said that it will take a number of negative rating actions with regard to nine U.K. pub securitizations following an updated assessment of the sector.
Among these deals was Globe Pub Issuer Plc. Last month the ...