Gatwick Funding Limited Credit Rating Update (1100F)
12 11월 2020 - 5:26PM
UK Regulatory
TIDM79IU
RNS Number : 1100F
Gatwick Funding Limited
12 November 2020
Issuer: Gatwick Funding Limited
Date: 12 November 2020
Gatwick Funding Limited (the "Issuer")
a company incorporated in Jersey (registered number 107376)
Credit rating update
Credit rating agency Moody's Investors Service (Moody's) has
completed a review of Gatwick Funding Limited's Class A debt and
has downgraded its rating from Baa1, negative outlook to Baa2,
negative outlook. Whilst maintaining an investment grade rating,
the agency cites that the breadth and severity of the coronavirus
outbreak will lead to slower than previously anticipated traffic
recovery.
On 13(th) November at 17:00 GMT, as part of Gatwick Airport's
current quarterly information package to secured creditors, it will
publish on its website (investor relations section) an update on
traffic performance, financial covenant position and a 6-month
liquidity forecast.
END
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(END) Dow Jones Newswires
November 12, 2020 03:26 ET (08:26 GMT)
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