S&P assigns ABH Financial notes BB-

S&P said it assigned a BB- rating to euro-denominated loan participation notes to be sold by Alfa Holding Issuance plc, a financing vehicle of ABH Financial Ltd. S&P said it expects the notes’ tenor to be three years.

“We rate the proposed LPNs BB-, at the same level as our long-term issuer credit rating on ABH Financial Ltd. because the notes meet certain conditions regarding issuance by special-purpose vehicles (SPVs) set out in our group rating methodology,” S&P said in a press release.

Alfa will loan the proceeds to ABH.

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