Regearing lowers Dignity Finance ratings

By Tom Porter
18 Sep 2014

UK funeral service provider Dignity is to extend the maturities of some secured notes through an exchange that will leave the newly issued tranches with a lower rating from Fitch.

Dignity Finance is a whole business securitization of 697 funeral homes and 39 crematoria in the UK. The Dignity group is the second largest provider of funeral services in the UK.

Dignity will exchange outstanding secured notes with new debt tranches, each with longer maturities, increased sizes and ...

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