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National Express (NEX)

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Thursday 25 March, 2010

National Express

Moody's and Fitch investment

RNS Number : 2006J
National Express Group PLC
25 March 2010
 



 

 

National Express Group awarded investment grade credit ratings by Moody's and Fitch

 

 

National Express Group PLC ("the Group") is pleased to announce that Moody's Investor Services and Fitch Ratings have today published new long term investment grade credit ratings for debt issued by the Group, of Baa3 (stable outlook) and BBB- (stable outlook) respectively.  These ratings will be assigned to the Group's existing £350 million 7 year 6.25% Sterling bond issued in January 2010.

 

Commenting, Jez Maiden, National Express Group Finance Director, said "Today's confirmation of our investment grade credit rating represents a further successful step in delivery of our recovery plans. These ratings not only confirm the coupon on our recent unrated bond but will also allow the Group to consider further bond issuance as and when appropriate."

 

 

Enquiries:

 

 

National Express Group PLC

 

Jez Maiden, Group Finance Director 

020 7506 4324

Nicole Lander, Director of Communications 

0121 460 8401

 

 

Maitland

020 7379 5151

Neil Bennett/George Hudson 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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