Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aston Martin Holdings (UK) Ltd. > News item |
S&P upgrades Aston Martin
S&P said it raised its long-term issuer credit rating on Aston Martin Holdings (UK) Ltd. to B from B-.
The outlook is stable.
At the same time, the agency raised the issue rating on the £285 million and $400 million senior secured notes issued by Aston Martin Capital Holdings Ltd. to B.
S&P revised the recovery rating to 3 from 4, indicating an expectation of 50% recovery prospects in the event of a payment default.
The agency said it raised the issuer credit rating on Aston Martin because the company continues to deliver on the rollout of its new car models.
“This progress gives us more confidence in its business growth over the next 12-18 months,” S&P said in a news release.
© 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.