DBRS Confirms AA (sf) Rating on the Trade Receivables Loan Facility Related to Ineos Finance (Ireland) Limited
ABCPDBRS, Inc. (DBRS) has today confirmed the AA (sf) rating on the Trade Receivables Loan Facility related to Ineos Finance (Ireland) Limited. The trade receivables transaction is administered by Citibank, N.A. The rating addresses the timely payment of interest and the ultimate payment of principal. The confirmation of the rating reflects the ongoing performance of the trade receivables transaction and the review of the Deed of the Amendment and Restatement as well as the Common Terms Agreement, both dated December 14, 2015.
The sources of information used for this rating include, but are not limited to, Ineos Finance (Ireland) Limited and Citibank, N.A. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.
Notes:
The applicable principal methodology is Trade Receivables, which can be found on our website under Methodologies.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
This rating was not initiated at the request of the rated entity.
The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
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