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

Pin to quick picksBabcock Regulatory News (BAB)

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Share Price Information for Babcock (BAB)

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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
21st Jul 20144:01 pmRNSResult of AGM
21st Jul 20147:00 amRNSInterim Management Statement
3rd Jul 201412:00 pmRNSHolding(s) in Company
30th Jun 20141:35 pmRNSCompletion of Acquisition
30th Jun 201410:48 amRNSTotal Voting Rights
26th Jun 20141:00 pmRNSDirector/PDMR Shareholding
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13th Jun 201411:51 amRNSHolding(s) in Company
13th Jun 201410:54 amRNSDirector/PDMR Shareholding
11th Jun 20149:00 amRNSListing Application
9th Jun 20144:03 pmRNSRe Contracts
21st May 20148:59 amRNSDirector/PDMR Shareholding
19th May 20147:00 amRNSFull Year Results
16th May 201412:48 pmRNSDirector/PDMR Shareholding
16th May 201411:22 amRNSCompletion of Acquisition
12th May 20147:00 amRNSPreferred Bidder - Network Rail contract
9th May 201410:14 amRNSHolding(s) in Company
7th May 201410:46 amRNSDirector/PDMR Shareholding
7th May 201410:41 amRNSTotal Voting Rights
7th May 201410:16 amRNSResult of Rump Placing
7th May 20147:00 amRNSResults of Rights Issue
2nd May 201411:59 amRNSDirector/PDMR Shareholding
1st May 20142:07 pmRNSDirector/PDMR Shareholding
30th Apr 201411:49 amRNSHolding(s) in Company
25th Apr 20144:27 pmRNSReceipt of Regulatory Approval
24th Apr 20141:26 pmRNSDirector/PDMR Shareholding
17th Apr 20147:00 amRNSAdmission of Nil Paid Rights
16th Apr 201412:45 pmRNSEGM Statement
4th Apr 201412:08 pmRNSBlocklisting Interim Review
1st Apr 20147:00 amRNSContract Award
31st Mar 201410:30 amRNSPreferred Bidder Announcement
27th Mar 20143:42 pmRNSPublication of Prospectus
27th Mar 20147:00 amRNSAcquisition
21st Mar 201410:00 amRNSBoard Change
28th Feb 20147:02 amRNSDirector Declaration
12th Feb 201410:00 amRNSRe: Network Rail Contract
11th Feb 20147:00 amRNSInterim Management Statement
15th Jan 201412:07 pmRNSHolding(s) in Company
17th Dec 20137:00 amRNSAcquisition of Context Information Security
6th Dec 201310:00 amRNSNew Board Appointment
25th Nov 20137:00 amRNSStatement regarding Avincis
12th Nov 20137:00 amRNSHalf Yearly Report
30th Sep 20132:59 pmRNSBlocklisting Interim Review
27th Sep 20137:00 amRNSCapital Markets Seminar and Trading Update
16th Aug 20131:02 pmRNSDirector/PDMR Shareholding
14th Aug 20133:50 pmRNSDirector/PDMR Shareholding
14th Aug 20133:33 pmRNSDirector/PDMR Shareholding
12th Aug 20134:43 pmRNSDirector/PDMR Shareholding
12th Aug 20134:41 pmRNSDirector/PDMR Shareholding
5678910111213

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