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Published on 12/5/2014 in the Prospect News High Yield Daily.

S&P raises Channel Link bonds to BBB+

Standard & Poor's said it raised to BBB+ from BBB its long-term issue ratings on the €2,125,000,000 and £1,675,000,000 bonds due Dec. 30, 2050 issued by Channel Link Enterprises Finance plc.

The outlook is stable.

The underlying rating (SPUR) on the class G1 to G6 notes is BBB+.

The long-term debt ratings on these notes continue to reflect the higher of the SPUR and the ratings on the bond insurer that provides an unconditional guarantee for these notes.

The unguaranteed class A notes are also rated BBB+, as are the liquidity notes.


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