Free Trial

International Distribution Services (IDSLN; NR/BBB Neg/NR) EP Debt Load

CONSUMER STAPLES

Regarding the difference above between Bloomberg quoted £2.3b (29th May) and S&P's £2.85b today - S&P quotes it as "available" debt facilities. Removing the revolver leaves it's in-line at ~£2.3b. Here is the impact on BS we pushed out then and still holds on revolver undrawn assumption. All else valid in our take on S&P's affirmation here.


Cheap view still valid on Euro IDSLN28s, it's -1 today.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.