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  2. Share Prices
  3. Babcock Share Price
  4. Babcock Share Regulatory News
  5. Standard & Poor credit rating upgrade

Pin to quick picksBabcock Regulatory News (BAB)

Babcock Information

Share Price Information for Babcock (BAB)

London Stock Exchange
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Share Price: 521.50
Bid: 522.50
Ask: 524.00
Change: 4.00 (0.77%)
Spread: 1.50 (0.287%)
Open: 516.50
High: 526.50
Low: 509.00
Prev. Close: 517.50
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Standard & Poor credit rating upgrade

20 Dec 2022 12:54

RNS Number : 3548K
Babcock International Group PLC
20 December 2022
 

Babcock: Standard & Poor credit rating upgrade

 

20 December 2022

 

Standard & Poor's has today raised its issuer credit rating on Babcock and its issue rating on its senior unsecured bonds to 'BBB' from 'BBB-'. The stable outlook is unchanged.

The decision to upgrade to 'BBB' reflects the near-completion of the disposals programme and subsequent reduction in debt, along with the renegotiation of legacy contracts, and a restructured and tightened cost base. The stable outlook reflects Babcock's good revenue visibility and tighter control over its cost base resulting in gradually improving margins and stronger cash flows over S&P's two-year rating horizon.

 

ENDS

 

 

For further information:

 

Andrew Gollan, Director of Investor Relations

+44 (0)7936 039004

Kate Hill, Group Director of Communications

+44 (0)20 7355 5312

 

 

Tulchan Communications

 

Olivia Peters / Harry Cameron

+44 (0)20 7353 4200  

 

 

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Date   Source Headline
12th Sep 20221:25 pmRNSNotice of AGM
25th Aug 202210:23 amRNSDirectorate Change
15th Aug 20225:14 pmRNSNotice of Availability
2nd Aug 20221:09 pmRNSDirector/PDMR Shareholding
29th Jul 20224:02 pmRNSCORRECTION: Full year results year ended 31.03.22
28th Jul 20227:00 amRNSFull year results for the year ended 31 March 2022
19th Jul 20227:00 amRNSSale of part of aerial emergency services business
20th Apr 202212:26 pmRNSDirector Declaration
6th Apr 202210:29 amRNSDirector Declaration
5th Apr 20229:16 amRNSHolding(s) in Company
28th Mar 202211:24 amRNSHolding(s) in Company
14th Mar 202210:00 amRNSCompletion of acquisition of NSM joint venture
7th Mar 202210:26 amRNSHolding(s) in Company
2nd Mar 20229:23 amRNSHolding(s) in Company
25th Feb 20227:00 amRNSTrading Update
15th Feb 20227:00 amRNSBabcock to acquire balance of Australian naval JV
10th Feb 202210:05 amRNSHolding(s) in Company
10th Feb 20227:00 amRNSCompletion of sale of stake in AirTanker Holdings
4th Feb 202210:00 amRNSDirectorate Change
2nd Feb 20228:58 amRNSHolding(s) in Company
24th Jan 202211:04 amRNSDirector/PDMR Shareholding
13th Jan 20228:48 amRNSHolding(s) in Company
10th Jan 20221:18 pmRNSHolding(s) in Company
6th Jan 20227:00 amRNSDirector Appointment
24th Dec 20217:00 amRNSCompletion of the sale of UK Power business
14th Dec 20214:08 pmRNSHolding(s) in Company
7th Dec 20217:00 amRNSHalf-year Report
6th Dec 202110:20 amRNSRestatement of results for HY ended 30 Sept 2020
16th Nov 202111:31 amRNSHolding(s) in Company
8th Nov 20214:44 pmRNSHolding(s) in Company
21st Oct 20217:00 amRNSSale of Frazer-Nash and half year trading update
24th Sep 20213:16 pmRNSDirector/PDMR Shareholding
24th Sep 20211:49 pmRNSDirector/PDMR Shareholding
22nd Sep 20217:00 amRNSAnnual General Meeting
13th Sep 20217:00 amRNSSale of stake in AirTanker Holdings
1st Sep 20217:00 amRNSSale of Oil and Gas aviation business
25th Aug 202110:50 amRNSDirector/PDMR Shareholding
18th Aug 20214:44 pmRNSNotice of Availability
13th Aug 20217:00 amRNSSale of Frazer-Nash Consultancy
30th Jul 20213:08 pmRNSDirector/PDMR Shareholding
30th Jul 20217:00 amRNSFull year results for the year ended 31 March 2021
13th Apr 20217:00 amRNSBusiness update
7th Apr 20219:41 amRNSHolding(s) in Company
26th Feb 202110:44 amRNSHolding(s) in Company
26th Jan 20219:48 amRNSHolding(s) in Company
25th Jan 20213:19 pmRNSHolding(s) in Company
20th Jan 20212:50 pmRNSDirector/PDMR Shareholding
15th Jan 20217:00 amRNSTrading update
8th Jan 20213:23 pmRNSHolding(s) in Company
15th Dec 20207:00 amRNSBabcock appoints new Marine CEO
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