13th Jun 2006 08:58
13 June 2006Rolls-Royce plc credit rating upgraded to `A-' Stable outlook by S&PStandard & Poor's Ratings Services (S&P) has confirmed that it has raised itslong-term credit rating on Rolls-Royce plc to `A-` from `BBB+'. This representsthe second upgrade by S&P in the last fourteen months.The agency stated that it was "reflecting progress made by Rolls-Royce instrengthening its financial profile and our expectation that an improvedtrading environment should allow the group to maintain credit metrics at alevel commensurate with an `A-` rating"The agency also confirmed a `stable' outlook for the new Rolls-Royce rating.Notes to editors: 1. Rolls-Royce, the world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets - civil aerospace, defence aerospace, marine and energy. It is investing in core technology, capability and infrastructure that can be applied across these sectors to take a competitive range of products to market. These investments create high barriers to entry. 2. S&P also maintains a `short-term credit rating' on debt with maturities of less than 12 months. The agency today reaffirmed a current rating for Rolls-Royce of `A-2'. 3. The company's current rating with Moody's Investor Services stands at Baa1 stable. For further information please contact:Peter Barnes-WallisDirector of Financial CommunicationsTel: +44 (0)20 7227 9141e-mail: [email protected] AlflattDirector of Investor RelationsTel: +44 (0)20 7227 9164e-mail: [email protected] GROUP PLCRelated Shares:
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