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U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable Feb 13 Product Image

U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable Feb 13

  • Published: February 2013
  • Region: United Kingdom, Great Britain
  • Standard & Poors

Abstract
The operating results of U.K.-based food services provider Compass Group PLC (Compass) remain strong and its credit metrics are consistently higher than those we consider commensurate with the current rating. We are therefore raising our long-term corporate credit rating on Compass to 'A' from 'A-'. We are also raising to 'A' from 'A-' our issue ratings on Compass' £2 billion euro medium-term notes program, £250 million bonds due August 2014, and €600 million notes due February 2019. The stable outlook reflects our view that Compass' operating performance and credit metrics will remain strong. LONDON (Standard & Poor's) Feb. 18, 2013--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit rating on U.K.-based food services provider Compass...

Companies mentioned in this report are:
- Compass Group PLC

Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- Compass Group PLC

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