|
|
Article: S&P Affirms Ratings on Cruise Ship's Notes; Off Watch Negative.
- Article from:
- PR Newswire
- Article date:
- September 26, 2001
CopyrightCOPYRIGHT 2001 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)
|
LONDON, Sept. 26 /PRNewswire/ --
Standard & Poor's today affirmed its 'BBB-' rating on Cruise Ship Finance Ltd.'s A and B notes and Cruise Ship Finance II Ltd.'s senior notes and removed the ratings from CreditWatch with negative implications, where they had been placed on Sept 20, 2001.
Regarding Cruise Ship Finance Ltd., the rating action reflects the fact that the final payment expected from the supporting party to the deal, Royal Caribbean Cruises Ltd. (RCL; BB+/Negative/--), had been received by the issuer on Aug. 31, 2001, before the Sept. 19 lowering of the local and foreign currency ratings on RCL, and thus there is now no further dependency on ...