1st Mar 2019 14:53
Libra (Longhurst Group) Treasury plc
Libra (Longhurst Group) Treasury No2 plc
01st March 2019
Moody's Credit Opinion for Longhurst Group Limited
Moody's Public Sector Europe announced today that an amendment to the group structure of Longhurst Group Limited, in which the group will convert Spire Homes (LG) Limited ("Spire") into a Community Benefit Society, and release the floating charge from Spire Homes (LG) Limited, would not in and of itself and as of this time, result in the downgrade, the placement on review for possible downgrade, or withdrawal of the secured debt ratings assigned to Libra (Longhurst Group) Treasury Plc and Libra (Longhurst Group) Treasury No 2 plc, subsidiaries of Longhurst Group Limited.
The secured assets will remain subject to the existing security (other than the floating charge) and there will be no change in priority in respect of the existing security
A copy of the announcement can be found here: https://www.moodys.com/research/Moodys-No-rating-impact-on-bonds-issued-by-Libra-Longhurst--PR_396053?WT.mc_id=AM%7eRmluYW56ZW4ubmV0X1JTQl9SYXRpbmdzX05ld3NfTm9fVHJhbnNsYXRpb25z%7e20190301_PR_396053
For more information, please contact:
Rob Griffiths, Chief Financial Officer & Deputy Chief Executive
Kate Wood, Director of Corporate Finance
For media enquiries, please contact:
Jon Reeves, Director of Communications
Longhurst Group Limited 0345 30 90 700
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