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  5. Standard & Poor credit rating upgrade

Pin to quick picksBabcock Regulatory News (BAB)

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Share Price Information for Babcock (BAB)

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Share Price: 528.00
Bid: 528.00
Ask: 529.00
Change: -5.00 (-0.94%)
Spread: 1.00 (0.189%)
Open: 541.50
High: 541.50
Low: 527.00
Prev. Close: 533.00
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Standard & Poor credit rating upgrade

20 Dec 2022 12:54

RNS Number : 3548K
Babcock International Group PLC
20 December 2022
 

Babcock: Standard & Poor credit rating upgrade

 

20 December 2022

 

Standard & Poor's has today raised its issuer credit rating on Babcock and its issue rating on its senior unsecured bonds to 'BBB' from 'BBB-'. The stable outlook is unchanged.

The decision to upgrade to 'BBB' reflects the near-completion of the disposals programme and subsequent reduction in debt, along with the renegotiation of legacy contracts, and a restructured and tightened cost base. The stable outlook reflects Babcock's good revenue visibility and tighter control over its cost base resulting in gradually improving margins and stronger cash flows over S&P's two-year rating horizon.

 

ENDS

 

 

For further information:

 

Andrew Gollan, Director of Investor Relations

+44 (0)7936 039004

Kate Hill, Group Director of Communications

+44 (0)20 7355 5312

 

 

Tulchan Communications

 

Olivia Peters / Harry Cameron

+44 (0)20 7353 4200  

 

 

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Date   Source Headline
2nd Jun 20109:53 amRNSForm 8.3 - Babcock International Group Plc
1st Jun 20105:22 pmRNSForm 8.3 - Babcock International
1st Jun 20103:23 pmRNSForm 8.3 - offeror - Babcock International Grp Plc
1st Jun 20103:20 pmRNSForm 8.3 - offeree - VT Group Plc
1st Jun 20102:59 pmRNSHolding(s) in Company
1st Jun 20102:50 pmRNSForm 8.3 - Babcock International Group PLC
1st Jun 20102:45 pmRNSForm 8.3-Babcock International Group Plc AMENDMENT
1st Jun 20102:34 pmRNSForm 8.3 - Babcock International Group
1st Jun 20102:22 pmRNSForm 8.3 - Babcock International Group Plc
1st Jun 201011:55 amRNSForm 8.3 - [Babcock Intl Group]
1st Jun 201011:38 amRNSHolding(s) in Company
1st Jun 201011:20 amRNSForm 8.5 (EPT/RI)
1st Jun 201010:55 amRNSForm 8.3 - Babcock International Group Plc
1st Jun 20107:00 amRNSForm 8.3 - BABCOCK INTERNATIONAL
28th May 20103:20 pmRNSForm 8.3 - [Babcock International Group Plc]
28th May 20103:15 pmRNSForm 8.3 - offeror - Babcock International Grp Plc
28th May 20103:12 pmRNSForm 8.3 - Babcock International Group
28th May 20103:11 pmRNSForm 8.3 - offeree - VT Group Plc
28th May 20102:28 pmPRNForm 8.3 - Babcock International Group Plc
28th May 20102:18 pmRNSForm 8.3 - Babcock International Group PLC
28th May 20101:18 pmRNSForm 8.3 - Babcock International Group Plc
28th May 201012:35 pmRNSForm 8.3 - BABCOCK INTERNATIONAL
28th May 201011:03 amRNSForm 8.3 - [Babcock Intl Group]
28th May 201010:47 amRNSForm 8.5 (EPT/RI)
27th May 20103:19 pmRNSForm 8.3 - Babcock International Group PLC
27th May 20103:19 pmRNSForm 8.3 - Babcock International Group PLC
27th May 20103:04 pmRNSForm 8.3 - Babcock International Group
27th May 20102:56 pmRNSForm 8.3 - offeror - Babcock International Grp Plc
27th May 20102:54 pmRNSForm 8.3 - offeree - VT Group Plc
27th May 20102:54 pmPRNForm 8.3 - Babcock International Group Plc
27th May 20101:38 pmRNSForm 8.3 - Babcock INTL Group PLC
27th May 201012:58 pmRNSForm 8.3 - [Babcock Intl Group]
27th May 201011:04 amRNSForm 8.3 - Babcock International Group Plc
27th May 201010:21 amRNSForm 8.3 - Babcock International Group Plc
27th May 201010:20 amRNSForm 8.5 (EPT/RI)
27th May 20107:01 amBUSForm 8.3 - Babcock International Plc
26th May 20103:20 pmRNSForm 8.3 - [Babcock International Group Plc]
26th May 20103:12 pmRNSHolding(s) in Company
26th May 20102:52 pmRNSForm 8.3 - Babcock International Group PLC
26th May 20102:43 pmPRNForm 8.3 - Babcock International Group Plc
26th May 20102:34 pmRNSForm 8.3 - offeror - Babcock International Grp Plc
26th May 20102:31 pmRNSForm 8.3 - offeree - VT Group Plc
26th May 20102:26 pmRNSForm 8.3 - Babcock International Group
26th May 20102:13 pmPRNForm 8.3 - Babcock International Group Plc
26th May 20101:27 pmRNSForm 8.3 - [Babcock Intl Group]
26th May 201012:43 pmRNSForm 8.3 - BABCOCK INTERNATIONAL
26th May 201010:11 amRNSForm 8.5 (EPT/RI)
25th May 20101:46 pmRNSForm 8.3 - Babcock International Group PLC
25th May 20101:02 pmRNSForm 8.3 - Babcock International Group
25th May 201012:19 pmRNSForm 8.3 - Babcock INTL Group PLC
171819202122232425

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