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ChesterAsstRecs2003C (80YA)

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Monday 29 September, 2008

ChesterAsstRecs2003C

Moody's Investor Ratings

RNS Number : 5306E
Chester Asset Rec. Deal. 2003-C PLC
29 September 2008
 

Issuer: Chester Asset Receivables Dealings 2003-C PLC (the 'Issuer')

Date: 25 September 2008

Notification of a statement made by Moody's Investor Services Limited regarding certain notes issued by the Issuer

We have become aware that Moody's Investors Service has placed under review for possible downgrade the ratings on 16 classes of asset-backed notes ratings issued under the UK Receivables Trust II, on the Class B of asset-backed notes issued by Chester Asset Receivables Dealings No.11 PLC, and on the Class B of asset-backed notes issued by Chester Asset Receivables Dealings No.12 PLC under the UK Receivables Trust. 

The complete rating actions are as follows: 

UNDER REVIEW FOR POSSIBLE DOWNGRADE 

Under UK Receivables Trust II: 

Issuers: Chester Asset Receivables Dealings 2001-A PLC, Chester Asset Receivables Dealings 2001-B PLC, Chester Asset Receivables Dealings 2002-A PLC, Chester Asset Receivables Dealings 2003-B PLC, Chester Asset Receivables Dealings 2003-C PLC, Chester Asset Receivables Dealings 2004-1 PLC 

GBP12,500,000 Asset Backed Floating Rate Notes due 2011, Class B, Series UK2001-B, current rating A1

GBP17,500,000 Asset Backed Floating Rate Notes due 2011, Class C, Series UK2001-B, current rating Baa2 

€39,000,000 Asset Backed Floating Rate Notes due 2009, Class B, Series UK2002-A, current rating A1 

€54,500,000 Asset Backed Floating Rate Notes due 2009, Class C, Series UK2002-A, current rating Baa2 

GBP12,500,000 Asset Backed Floating Rate Notes due 2013, Class B, Series UK2003-B, current rating A1 

GBP17,500,000 Asset Backed Floating Rate Notes due 2013, Class C, Series UK2003-B, current rating Baa2 

€35,500,000 Asset Backed Floating Rate Notes due 2010, Class B, Series UK2003-C, current rating A1 

€49,500,000 Asset Backed Floating Rate Notes due 2010, Class C, Series UK2003-C, current rating Baa2 

GBP25,000,000 Asset Backed Floating Rate Notes due 2014, Class B, Series UK2004-1, current rating A1 

GBP35,000,000 Asset Backed Floating Rate Notes due 2014, Class C, Series UK2004-1, current rating Baa2 

Issuer: Chester Asset Receivables Dealings Issuer Limited 

Series 2004-B1 €125,000,000 Class B Asset Backed Floating Rate Notes due 2011, current rating A1 

Series 2004-C1 €175,000,000 Class C Asset Backed Floating Rate Notes due 2011, current rating Baa2 

Series 2006-B1 GBP50,000,000 Class B Asset Backed Floating Rate Notes due 2013, current rating A1 

Series 2006-C1 GBP70,000,000 Class C Asset Backed Floating Rate Notes due 2013, current rating Baa2 

Under UK Receivables Trust: 

Issuers: Chester Asset Receivables Dealings No. 11 PLC, Chester Asset Receivables Dealings No. 12 PLC 

GBP20,000,000 Asset Backed Floating Rate Notes due 2010, Class B, Chester Asset Receivables Dealings No.11 PLC, current rating A1 

GBP12,000,000 Asset Backed Floating Rate Notes due 2011, Class B, Chester Asset Receivables Dealings No.12 PLC, current rating A1 

Further information is available on www.moodys.com 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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