On 22 October 2021, 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+ on 22 October 2021.
The outlook for the rating has been revised to ‘stable’.
In their Research Update, S&P have commented that:
- bpha will retain very strong liquidity
- debt build-up will remain contained despite increasing investment in existing stock
- revenue generated from new units delivered will support a gradual recovery in EBITDA
S&P also reaffirmed at A+ the senior secured debt rating on bpha’s outstanding bonds issued by bpha Finance plc.