S&P assigns Aurizon BBB+

S&P said it assigned a BBB+ rating to Aurizon Operations Ltd., citing the company’s integral part of the Aurizon group.

“The rating on AUO reflects our assessment of the company's solid market share in coal haulage and expected low leverage in the next two to three years,” said S&P in a press release.

The outlook is stable.

“The stable outlook on AUO is underpinned by its dominant market share in the above-rail coal business and our expectation that management will maintain a reasonably well capitalized group with a BBB+ credit profile,” said S&P.

© 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.