| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Heathrow Finance plc > News item |
Fitch rates Heathrow notes BB+
Fitch Ratings said it assigned an expected BB+ Heathrow Finance plc's planned issuance of around £250 million of high yield notes.
The outlook is stable.
Heathrow Finance's existing high-yield notes rated at BB+ with stable outlook.
The new issue will not change the credit risk profile of the existing notes, Fitch said.
In light of the favorable debt market conditions, management brought forward the issuance of these high-yield notes to refinance about £250 million of the remaining £310 million of ADIF2 debt, Fitch explained.
The ratings reflect Heathrow's continued solid operational performance, together with the favorable terms of the new debt, the agency explained.
Heathrow's strong credit metrics also underpin the positive outlook on the company's bonds, Fitch added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.