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

 

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