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Prospect News home > News index > List of issuers A > Headlines for Aster Treasury plc > News item |
S&P lowers Aster view to negative
S&P said it revised the outlook on Aster Group Ltd. to negative from stable and affirmed its A+ long-term issuer credit rating.
The agency also said it affirmed the A+ rating on the £450 million senior secured bond issued by the Aster Treasury plc, the fully owned finance subsidiary of Aster Group.
The ratings reflect the company's significant exposure to sales activities, limited visibility and limited predictability of future earnings, S&P said.
The agency also said it believes there's an increase in industry risk for U.K. social housing entities with a high and increasing reliance on sales activities.
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