TIDM59DP

RNS Number : 3255D

BPHA Finance PLC

27 October 2020

bpha Limited's A+ rating reaffirmed by Standard & Poor's

Credit rating agency Standard & Poor's (S&P) has reaffirmed bpha's long-term credit rating of A+ on 26 October 2020.

The outlook for the rating remains 'negative' due to the current economic uncertainty.

In their Research Update, S&P have commented that bpha:

   --      benefits from strong economic fundamentals and excellent asset quality 
   --      has solid EBITDA interest coverage 
   --      has a very strong liquidity position

S&P also reaffirmed at A+ the senior secured debt rating on bpha's outstanding bonds issued by bpha Finance plc.

-ENDS-

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END

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(END) Dow Jones Newswires

October 27, 2020 05:09 ET (09:09 GMT)

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