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Published on 4/20/2011 in the Prospect News High Yield Daily.

Fitch: Greensands bonds at B+

Fitch Ratings said it assigned Greensands (UK) Ltd. a final senior secured rating of B+.

The company's long-term issuer default rating is B with a stable outlook.

Fitch also assigned a final B+/RR3 rating to Southern Water (Greensands) Financing plc's £250 million bond issue, which is guaranteed by Greensands, Greensands Holdings Ltd., Greensands Junior Finance Ltd. and Greensands Senior Finance Ltd.


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