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.