Equitable 社債s into junk status

By DAILY MAIL REPORTER
Updated: 00:00 BST, 6 December 2002

?

CREDIT 機関 基準 & Poor's 削除するd its 率ing on £350m Equitable Life 社債s 押し進めるing them deeper into junk status. The 社債s, downgraded to CCC minus (AAA is 最高の，を越す 率ing), were 問題／発行するd in 1997 at an 利益／興味 率 of 8%, and now 貿易（する） at a 深い 割引.

S&P 分類するs CCC 社債s as 'very weak', with a 55% 危険 of default over 15 years. Most of Equitable's 社債s are in the 手渡すs of 思索的な 仲買人s.

The 社債s are perpetual, meaning that Equitable is under no 義務 ever to 返す, but there is growing 憶測 that it may struggle to 会合，会う the 利益／興味 支払い（額）s.

Equitable said: 'This was 推定する／予想するd に引き続いて our 暫定的な results 声明.' This 警告するd that it may slip below regulators' 最小限 solvency 必要物／必要条件s.

S&P 確認するd its 'B' 率ing on Equitable Life and said the 見通し had より悪くするd to 消極的な. 'The upside for solvency is likely to be 限られた／立憲的な,' said S&P.