18th Jul 2005 17:55
Stagecoach Group PLC18 July 2005 STAGECOACH WELCOMES MOODY'S UPGRADE 18 JULY 2005 Stagecoach Group plc is pleased to note that Moody's Investor Service, a leadingcredit rating agency, has upgraded the group's long term credit rating to Baa2stable. This upgrade reflects the significant improvement in the Group's financialposition over the last two years and recognises the strength of our bus and railoperations around the world. Stagecoach Group plc recognises the importance of maintaining a long term stableinvestment grade credit rating. The rating provides added flexibility andoptions for the group when considering cost effective, long term financing. Stagecoach Group plc is the only UK ground transportation group to have stableinvestment grade credit ratings from the 3 principle credit rating agencies,Standard & Poor's, Fitch Ratings and Moody's Investor Services. - ENDS - Stagecoach Group plcMartin Griffiths, Finance Director 01738 442 111 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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