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Wednesday 27 September, 2017

Transport For London

TfL Credit Rating

RNS Number : 9911R
Transport For London
27 September 2017

Transport for London (TfL)


27 September 2017


Review of TfL's credit rating


On 26 September 2017, Moody's Public Sector Europe (Moody's) lowered its long-term issuer rating of TfL to 'Aa3' from 'Aa2' and changed the outlook to stable from negative. At the same time, Moody's affirmed its 'P-1' short-term issuer rating of TfL.


The rating action on TfL follows the downgrade by Moody's of the UK's long-term issuer rating to 'Aa2' from 'Aa1' and the change of the outlook to stable from negative on 22 September 2017. It reflects the close institutional, operational and financial linkages between TfL and the UK sovereign.


For further information, please contact:


Transport for London

17th Floor, Windsor House

42-50 Victoria Street

London SW1H 0TL

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