RE: Onwards and Upwards4 Nov 2021 16:09
Cheers Nitro
I like this part
The 'BBB' rating reflects NEX's scale, strong position in the US school bus, transit and shuttle businesses and Spanish and UK coach and bus markets, and the group's well-diversified business profile both in geographies and sectors. Our rating case does not assume a potential acquisition of Stagecoach which, if it goes ahead, we expect to be modestly positive for NEX's credit profile as it would strengthen the UK business profile and credit metrics.