Moody’s Gatwick rating fuels new issue hopes

Gatwick Funding has received its first rating from Moody’s for its £5bn-equivalent multicurrency MTN programme, prompting investors to expect a new sterling issue from the UK airport group soon.

  • By Michael Turner
  • 15 Feb 2018
Moody’s has rated the MTN programme at Baa1, which is in line with the BBB+ ratings for Gatwick Funding from S&P and Fitch. The other two rating agencies have not changed their ratings since first assigning them in March 2011, when the company sold its first corporate ...

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