IHS - ICG Senior Debt Partner Notes

News

• 03.07.2019
  Creditreform Rating today has withdrawn the rating for the bearer bonds with the ISIN XS1647372769, issued by Universal Securitisation Solutions S.A., acting for and on behalf of its compartment Securio 1707-01 and has set the rating to not rated (n.r.). The issuance has been transfered under identical economic parameters by the way of an amendment- and transferagreement to a new Luxembourg issuer. Creditreform in this contect refers to the publication as of July 3rd, 2019 under the issuer Universal Securitisation Solutions II S.A., acting for and on behalf of its compartment 2-1902-01.
• 29.11.2018
  Creditreform Rating has confirmed the rating of the bearer-bonds with ISIN XS1647372769 issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1707-01 with BBB / outlook stable. The issue proceeds of this securitisation will be used to fund a separately managed account which on his part will deploy the funds to grant predominately senior secured loans to mid-market corporates across Europe. The fund will be managed by an experienced manager with a worldwide presence and with sufficient management capabilities. The ongoing ramp-up of the portfolio has been in line with our expectations. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer-bonds benefit from different credit enhancements, which will partly be funded over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.
• 01.08.2018
  Creditreform Rating has set the rating of the bearer-bonds with ISIN XS1647372769 issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1707-01, to (watch) and is going to review the rating due to a methodology change and in accordance with regulatory requirements. The review is open-ended.
• 22.09.2017
  Creditreform Rating has assigned the rating of the bearer-bonds with ISIN XS1647372769 issued by Universal Securitisation Solution S.A., acting on behalf of its Compartment Securio 1707-01 to BBB. The issue proceeds of this securitisation will be used to fund a separately managed account which on his part will deploy the funds to grant predominately senior secured loans to mid-market corporates across Europe. The fund will be managed by an experienced manager with a worldwide presence and with sufficient management capabilities. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer-bonds benefit from different credit enhancements, which will partly be funded over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.