Financial Strength

S&P credit rating

On 27 October 2020, S&P reaffirmed bpha’s long-term credit rating of A+

Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term credit rating of A+ (negative).

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.


2020 Credit Rating Report

Download PDF


Previous Publications

2019 Credit Rating Report
2018 Credit Rating Report