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Published on 12/6/2012 in the Prospect News High Yield Daily.

Fitch rates Heathrow bond BB+

Fitch Ratings said it assigned an expected BB+ rating to Heathrow Finance plc's proposed £250 million to £325 million high-yield bond due 2019 to 2022.

The agency also said it affirmed Heathrow Funding Ltd.'s class A bonds at A- and class B bonds at BBB.

Fitch also affirmed Heathrow Finance's £325 million high-yield bond due 2017 at BB+.

The outlook is stable.

There have been no material changes to the credit profile of Heathrow (SP) Ltd., Heathrow Funding or Heathrow Finance since last reviewed in August 2012, Fitch said.


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