Moody's stabilizes Heathrow Finance view

Moody's Investors Service said it changed its outlook on Heathrow Finance plc to stable from negative.

The agency also affirmed the Ba2 long-term corporate family rating, the Ba3-PD probability of default rating and the B1 senior secured debt ratings.

“The change in the outlook to stable and the affirmation of HF's ratings reflects Moody's expectation that the Heathrow Finance group will be able to exhibit credit metrics with good headroom against its covenants as the continued recovery in traffic will support operating cash flow despite a reduction in the level of airport charges over the 2024-26 period,” the agency said in a statement.

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