14th Apr 2005 13:41
14 April 2005 Rolls-Royce CREDIT RATING UPGRADED BY S&P Standard & Poor's Ratings Services confirmed today that it has raised itslong-term credit rating on Rolls-Royce plc to `BBB+' from `BBB'. The agencystated that this was "primarily due to the Group's continuing progress instrengthening its financial profile".The agency also confirmed that it regards the outlook for Rolls-Royce as"stable". It added that "Rolls-Royce's forthcoming implementation ofInternational Financial Reporting Standards will affect reported figures butnot the underlying credit risk of the Group".Notes to Editors1. Full details on the Group's adoption of International Financial ReportingStandards, commencing with its Interim Profits for 2005, were made available ina separate press release issued earlier today.2. S&P also maintains a "short-term credit rating" on debt with maturities ofless than 12 months. The agency today reaffirmed a current rating forRolls-Royce of "A-2"3. The company's current rating with Moody's investor services stands at Baa1.For further information please contact:Duncan Campbell-SmithDirector of Corporate CommunicationsTel: +44 (0)20 7227 9193email: [email protected] Barnes-WallisDirector of Financial CommunicationsTel: +44 (0)20 7227 9141email: [email protected] GROUP PLCRelated Shares:
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