Reuters logo
TEXT-Fitch:No rtg impact on VCL Master S.A. Compartment 1 from increase of existing nts
July 25, 2012 / 10:16 AM / 5 years ago

TEXT-Fitch:No rtg impact on VCL Master S.A. Compartment 1 from increase of existing nts

(The following statement was released by the rating agency)

July 25 - Fitch Ratings says that VCL Master S.A.’s Compartment 1 notes’ ratings will not be affected by the increase in the amounts of the existing series of notes to a total of EUR1.22bn. Fitch notes that the series amounts will be increased effective 25 July 2012.

The volumes of the newly issued notes are as follows:

Series 2010-1: EUR69,500,000, resulting in an aggregate total of EUR270,500,000

Series 2010-2: EUR69,500,000, resulting in an aggregate total of EUR270,500,000

Series 2010-4: EUR69,500,000, resulting in an aggregate total of EUR270,500,000

Series 2011-1: EUR46,400,000, resulting in an aggregate total of EUR179,300,000

Series 2011-2: EUR34,500,000, resulting in an aggregate total of EUR133,400,000

Following the top-up, the total amounts of the series are still below the maximum issuance amounts of the series established in the programme (see ‘Fitch Affirms VCL Master S.A.’s Compartment 1 Notes at ‘AAAsf’; Outlook Stable’, dated 25 November 2011, available on www.fitchratings.com).

Further transaction research is available at www.fitchratings.com.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below