BPHA Finance PLC bpha Credit Rating reaffirmed at A+ (stable) (7607D)

TIDM59DP

RNS Number : 7607D

BPHA Finance PLC

21 October 2022

bpha Credit Rating reaffirmed at A+ (stable)

Credit rating agency Standard & Poor's (S&P) has reaffirmed bpha's long-term credit rating of A+ (stable) on 21 October 2022.

In their Research Update, S&P have commented that:

-- bpha have a robust management track record, with extensive experience and good understanding of its business opportunities and challenges

-- bpha will retain very strong liquidity, underpinned by the group's comprehensive liquidity policy

   --    they positively view treasury planning helping generate interest cost savings 
   --    debt build-up will be slower than previous base case 

S&P also reaffirmed at A+ the senior secured debt rating on bpha's outstanding bonds issued by bpha Finance plc.

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(END) Dow Jones Newswires

October 21, 2022 09:34 ET (13:34 GMT)