Thursday, May 10, 2012

TEXT-Fitch may still cut Sutton Bridge Financing Ltd rtgs

(The following statement was released by the rating agency)
May 10 - Fitch Ratings has maintained Sutton Bridge Financing Ltd's (SBF)
senior secured bonds on Rating Watch Negative (RWN) as follows:

GBP195m senior secured bonds due 2022: 'BBB'; maintained on RWN
USD150m senior secured bonds due 2022: 'BBB'; maintained on RWN

The maintenance of the RWN reflects uncertainty about how the recently launched
plant sale process will proceed and the precise implications that this may ha

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