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Transport For London (40CT)

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Tuesday 13 March, 2018

Transport For London

Credit Rating Action

RNS Number : 6252H
Transport For London
13 March 2018
 

Transport for London (TfL)

 

13 March 2018

 

Review of TfL's credit rating

 

On 13 March 2018, S&P Global Ratings (S&P) lowered its long-term issuer credit rating of TfL to 'AA-' from 'AA' and changed the outlook to 'stable' from 'negative'. At the same time, S&P affirmed its 'A-1+' short-term rating of TfL.

 

The stable outlook reflects their expectation that pressure on TfL's financial position will be balanced in the coming years by an increase in passenger journeys following the opening of the Elizabeth line and savings from its cost reduction programme.

 

For further information, please contact:

 

Transport for London

6th Floor

55 Broadway

London SW1H 0BD


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