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Article: S&P Assigns Preliminary 'AA-' Rating to San Giorgio Euro Notes.
- Article from:
- PR Newswire
- Article date:
- November 29, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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)
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PARIS, Nov. 29 /PRNewswire/ -- Standard & Poor's today assigned its double-'A'-minus preliminary ratings to San Giorgio S.p.A.'s Euro (275) million asset-backed floating-rate notes.
The preliminary rating reflects i) the credit quality of the portfolio, attributable to the mechanism for repaying the securitized life-insurance-policy loans by set-offs against the underlying life-insurance policies that Alleanza Assicurazioni S.p.A. (Alleanza) grants to its policyholders; ii) Alleanza's ongoing payment as swap provider of interest due to the noteholders; iii) the benefit of the limited-recourse facility provided or guaranteed by Alleanza to pay ongoing expenses of ...
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Article: PERNOD RICARD TO SELL ITS SAN GIORGIO FLAVOURINGS ...
European Report;
June 13, 2001 ;
599 words
... ... agreement in principle on the sale of its Italian subsidiary, San Giorgio Flavours, specialising in food flavourings, to the Irish ... decision to refocus on core activities, spirits and wines. San Giorgio Flavors, Italy's leading food flavourings manufacturer ...
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