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ChesterAsstRecs2003C (80YA)

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Thursday 05 March, 2009

ChesterAsstRecs2003C

Moodys Press Release

RNS Number : 3913O
Chester Asset Rec. Deal. 2003-C PLC
05 March 2009
 

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

Date: 5 March 2009

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 12 classes of asset-backed notes issued under the UK Receivables Trust II as well as the ratings of the Class A asset-backed notes issued by Chester Asset Receivables Dealings No. 11 PLC and the ratings of the Class A 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-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 

GBP220,000,000 Asset Backed Floating Rate Notes due 2011, Class A, Series UK2001-B, current rating Aaa 

EUR682,000,000 Asset Backed Floating Rate Notes due 2009, Class A, Series UK2002-A, current rating Aaa 

GBP220,000,000 Asset Backed Floating Rate Notes due 2013, Class A, Series UK2003-B, current rating Aaa 

EUR621,000,000 Asset Backed Floating Rate Notes due 2010, Class A, Series UK2003-C, current rating Aaa 

GBP440,000,000 Asset Backed Floating Rate Notes due 2014, Class A, Series UK2004-1, current rating Aaa 

Issuer: Chester Asset Receivables Dealings Issuer Limited 

Series 2004-A1 GBP300,000,000 Class A Asset Backed Floating Rate Notes due 2011, current rating Aaa 

Series 2004-A2 GBP250,000,000 Class A Asset Backed Floating Rate Notes due 2009, current rating Aaa 

Series 2006-A1 GBP250,000,000 Class A Asset Backed Floating Rate Notes due 2011, current rating Aaa 

Series 2008-A1 EUR350,000,000 Class A Asset Backed Floating Rate Notes due 2011, current rating Aaa 

Series 2008-A2 GBP300,000,000 Class A Asset Backed Floating Rate Notes due 2011, current rating Aaa 

Under UK Receivables Trust: 

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

EUR730,000,000 Asset Backed Floating Rate Notes due 2010, Class A, Chester Asset Receivables Dealings No.11 PLC, current rating Aaa 

GBP264,000,000 Asset Backed Floating Rate Notes due 2011, Class A, Chester Asset Receivables Dealings No.12 PLC, current rating Aaa 

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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