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Revision of credit

ETSY

RNS Number : 1326D
Transport For London
04 July 2016
 

Announcement to London Stock Exchange

 

 

Transport for London (TfL)

4 July 2016

 

Review of TfL's credit rating

On 1 July 2016, Fitch Ratings (Fitch) lowered its long-term issuer credit rating of TfL to 'AA-' from 'AA' and revised the outlook to negative from stable. At the same time, Fitch affirmed its 'F1+' short-term issuer credit rating of TfL.

 

The rating action reflects the downgrade by Fitch on the UK's long-term issuer credit rating, which was lowered to 'AA' from 'AA+' and revision of the outlook to negative from stable on 27 June 2016.  This action primarily reflects the UK referendum vote on 23 June 2016 to leave the European Union.

 

 

 

For further information, please contact:

 

Transport for London

17th Floor, Windsor House

42-50 Victoria Street

London SW1H 0TL

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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