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Thursday 22 October, 2020

Transport For London

Transport for London Moody's Credit Rating

RNS Number : 8506C
Transport For London
22 October 2020
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

 

Transport for London (TfL)

 

22 October 2020

 

Transport for London Moody's Credit Rating

 

Transport for London ("TfL") announces t hat on 21 October 2020, Moody's Public Sector Europe ("Moody's") downgraded the long-term ratings for TfL to A1 from Aa3 and changed the outlook to negative.

 

The rating action concludes the rating under review for downgrade initiated by Moody's on 2 June 2020.

 

TfL's short-term issuer and Commercial Paper ratings were affirmed at P-1.

 

 

For further information, please contact:

Transport for London

5 Endeavour Square

London E20 1JN

 

Email: [email protected]

 

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