Credit Rating and Financing

Credit Rating

On 25 June 2018, Moody’s Investors Service ("Moody's") assigned Baa2 guaranteed ratings to Porterbrook’s senior debt, with a stable outlook. Prior to the Moody’s rating, Porterbrook maintained a BBB (Stable) rating from Standard & Poor’s, that was initially assigned in 2009 and most recently affirmed when it was withdrawn, at Management’s discretion in July 2018. Management and shareholders hold it as a key objective to maintain this Baa2 rating whilst continuing to grow the business, ensuring the prudent and consistent financial and business management of the Company.

Porterbrook is rated Baa2 (Stable) by Moody’s

The latest rating report can be found on Moody’s website.

Financing

Porterbrook Rail Finance Limited has a £3,000,000,000 Euro Medium Term Note (EMTN) multicurrency programme for the issuance of Secured Guaranteed Bonds listed on the Irish Stock Exchange.

Further details can be found on the ISE website.