TRIS Rating Sees the Acquisition of “The Happitat” Diminishes Credit Rating Buffers on “CPAXT” and “CPALL” TRIS Rating views that the announced acquisition of “The Happitat” by CP Axtra PLC (CPAXT) is likely to exert pressure on CPAXT’s financial profile and reduce the headroom for maintaining its credit ratings at the current levels. Despite the fact that the assigned credit ratings on both CPAXT and CPALL PLC remain unchanged, the acquisition could significantly diminish their credit rating buffers.