Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term credit rating of A+ on 27 October 2020.
The outlook for the rating remains ‘negative’ due to the current economic uncertainty.
In their Research Update, S&P have commented that bpha:
• benefits from strong economic fundamentals and excellent asset quality
• has solid EBITDA interest coverage
• has a very strong liquidity position
S&P also reaffirmed at A+ the senior secured debt rating on bpha’s outstanding bonds issued by bpha Finance plc.
Julian Pearce, bpha’s Chief Financial Officer, said:
“We are pleased to have maintained the A+ rating and welcome S&P’s recognition of our strong margins, liquidity, and excellent asset quality.”