| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Taylor Wimpey plc > News item |
Moody's lifts Taylor Wimpey
Moody's Investors Service said it upgraded Taylor Wimpey plc's corporate family rating to Ba3 from B1 and its probability of default rating to Ba3-PD from B1-PD.
Concurrently, Moody's upgraded the instrument rating on the company's £250 million of 10 3/8% senior unsecured notes due 2015 to Ba3 from B1, with a loss given default assessment of LGD4 (unchanged).
The outlook is positive.
"The upgrade of Taylor Wimpey's CFR to Ba3 reflects the company's stronger operating performance and improved financial strength metrics," Moody's vice president, senior analyst and lead analyst for Taylor Wimpey Lynn Valkenaar 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.