Ratings may also be suspended in cases where they have been assigned to an entity that is in the process of being created through the merger of other entities (usually rated entities and where there is sufficient information about the ownership, capital structure and organisation of the new entity to support a rating) but where the merger process is taking longer than expected. As a guideline the gap between the assignment of the rating and the creation of the new entity should be no more than 3 months. If the entity has not been created within this period the ratings should be suspended.
I noticed via my Super acc that OZL has a rating by UBS of SUSP (Suspended)
Can anyone tell me if this anything to do with potential M&A activity or something else?
Cheers
Ratings may also be suspended in cases where they have been...
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