European Infrastructure Finance Yearbook - Investing In Bonds ...

Project Finance
Standard & Poor's Infrastructure Finance Ratings
Name Issue credit rating* Country
STANDARD & POOR’S EUROPEAN INFRASTRUCTURE FINANCE YEARBOOK
RATINGS LIST
Abu Dhabi National Energy Company PJSC (TAQA) AA-/Stable/A-1+ (issuer credit rating) United Arab Emirates
Ajman Sewerage (Private) Co. Ltd. AAA (insured); BBB (SPUR)/Stable United Arab Emirates
Alpha Schools (Highland) Project PLC AAA (insured); BBB (SPUR)/Stable U.K.
Alte Liebe 1 Ltd. AAA (insured); BBB- (SPUR)/Stable Channel Islands
Aspire Defence Finance PLC AAA (insured); BBB- (SPUR)/Stable U.K.
Autolink Concessionaires (M6) PLC AAA (insured); BBB+ (SPUR)/Stable U.K.
Autoroutes Paris-Rhin-Rhone Senior unsecured bank loan, term loan BBB-/Stable;
senior unsecured MTN BBB
France
Autovia del Camino S.A. AAA (insured); BBB (SPUR)/Stable Spain
Bina-Istra, d.d. Senior secured debt BBB-/Stable Croatia
Breeze Finance S.A. Senior secured debt AAA (insured), BBB (SPUR)/Stable;
subordinated debt BB-/Stable (preliminary)
Luxembourg
Capital Hospitals (Issuer) PLC AAA (insured); BBB- (SPUR)/Stable U.K.
Catalyst Healthcare (Manchester) Financing PLC AAA (insured); BBB (SPUR)/Negative U.K.
Catalyst Healthcare (Romford) Financing PLC AAA (insured); BBB (SPUR)/Stable U.K.
Central Nottinghamshire Hospitals PLC AAA (insured); BBB (SPUR)/Stable U.K.
Consort Healthcare (Birmingham) Funding PLC AAA (insured); BBB- (SPUR)/Stable U.K.
Consort Healthcare (Mid Yorkshire) Funding PLC AAA (insured); BBB- (SPUR)/Stable (preliminary) U.K.
Consort Healthcare (Salford) PLC AAA (insured); BBB (SPUR)/Stable (preliminary) U.K.
Consort Healthcare (Tameside) PLC AAA (insured); BBB (SPUR)/Stable (preliminary) U.K.
CountyRoute (A130) PLC Senior secured debt BBB/Stable; subordinated debt BB/Stable U.K.
Coventry & Rugby Hospital Co. PLC (The) AAA (insured); BBB (SPUR)/Stable U.K.
CRC Breeze Finance S.A. Senior secured debt BBB/Stable; subordinated debt BB+/Stable Luxembourg
CTRL Section 1 Finance Class A1 and A2 debt AAA U.K.
Delek & Avner - Yam Tethys Ltd. Senior secured debt BBB-/Stable Israel
DirectRoute (Limerick) Finance Ltd. AAA (insured); BBB- (SPUR)/Stable (preliminary) Ireland
Discovery Education PLC AAA (insured); BBB- (SPUR)/Stable U.K.
Education Support Enfield Ltd. Senior secured bank loan A/Stable U.K.
Exchequer Partnership (no. 1) PLC Senior secured debt AAA (insured) U.K.
Exchequer Partnership (no. 2) PLC AAA (insured); BBB+ (SPUR)/Stable U.K.
Fixed-Link Finance B.V. G1 and G2 notes: AAA; junior subordinated class C notes:
C/Negative; senior secured class A notes and subordinated
class B notes: AAA/Stable
The Netherlands
Health Management (Carlisle) PLC Senior secured debt AAA (insured) U.K.
Healthcare Support (Newcastle) Finance PLC AAA (insured); BBB- (SPUR)/Stable U.K.
Healthcare Support (North Staffs) Finance PLC AAA (insured); BBB- (SPUR)/Stable (preliminary) U.K.
Highway Management (City) Finance PLC AAA (insured); BBB (SPUR)/Stable U.K.
Hospital Co. (Swindon & Marlborough) Ltd. (The) AAA (insured); BBB+ (SPUR)/Stable Channel Islands
InspirED Education (South Lanarkshire) PLC AAA (insured); BBB- (SPUR)/Watch Neg U.K.
Integrated Accommodation Services PLC AAA (insured); A (SPUR)/Stable U.K.
International Power PLC BB-/Stable/-- (issuer credit rating) U.K.
M6 Duna Autopalya Koncessios Zartkoruen Mukodo Eszvenytarsasag Senior secured bank loan and debt AAA Hungary
Max Two Ltd. Senior secured debt BBB-/Negative Channel Islands
Metronet Rail BCV Finance PLC and Metronet Rail SSL Finance PLC Senior secured bank loan BB+/Watch Neg; senior secured
debt AAA, BB+(SPUR)/Watch Neg
U.K.
Nakilat Inc. A+/Stable/-- (issuer credit rating) Marshall Islands
NewHospitals (St. Helens and Knowsley) Finance PLC AAA (insured); BBB (SPUR)/Stable U.K.
Octagon Healthcare Funding PLC AAA (insured); BBB (SPUR)/Stable U.K.
Peterborough (Progress Health) PLC AAA (insured); BBB- (SPUR)/Stable (preliminary) U.K.
Premier Transmission Financing PLC AAA (insured); A (SPUR)/Stable U.K.
Ras Laffan Liquefied Natural Gas Co.
*At Nov. 9, 2007. All ratings are issue ratings unless otherwise stated.
AAA (insured); A/Stable Qatar
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