S&P: Aston Martin stable

Standard & Poor's said it affirmed its B+ long-term corporate credit rating on Aston Martin Holdings (UK) Ltd. and revised the outlook to stable from negative.

The agency also affirmed the B+ issue rating on the £304 million 9¼% senior secured notes due 2018, issued by Aston Martin Capital Ltd. The recovery rating on these notes is unchanged at 4.

The agency said the affirmation reflects the announced equity capital increase of up to £160 million, which will likely restore Aston Martin's financial flexibility and improve its S&P adjusted debt protection metrics.

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