Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Liberty Group Ltd. > News item |
S&P rates Liberty Group notes zaAA+
S&P said it assigned its zaAA+ South Africa national scale issue ratings to Liberty Group Ltd.'s unsecured subordinated fixed- and floating-rate notes.
Proceeds will be used for general corporate purposes.
Under its methodology for rating such issues, S&P applies a one-notch downward adjustment to the global scale ratings on the issuer for deferability, and another one on the resulting national scale rating for subordination.
As a result, the agency rates the proposed notes one notch below Liberty’s zaAAA South Africa national scale rating.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.