S&P affirms Aurizon Holdings

S&P said it affirmed its BBB+ issuer credit rating on Aurizon Holdings Ltd. The outlook is stable.

“We affirmed the ratings on Aurizon because we expect the company will take appropriate steps to operate within the allowances to be finalized by the regulator for the company's regulated below-rail operations,” S&P said in a news release.

“This prudent approach, together with discipline on its distribution policy, could enable the company to sustain funds from operations (FFO) to total debt of at least 30% over the medium term despite the anticipated pressure on revenues and cash flow.”

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