Business
Moody's and Fitch investment
Moody's and Fitch investment.
About this update from Mobico Group Plc
[{"type":"text","content":"\n RNS Number : 2006J National Express Group PLC 25 March 2010 \n \n\n \n \nNational Express Group awarded investment grade credit ratings by Moody's and Fitch\n \n \nNational Express Group PLC (\"the Group\") is pleased to announce that Moody's Investor Services and Fitch Ratings have today published new long term investment grade credit ratings for debt issued by the Group, of Baa3 (stable outlook) and BBB- (stable outlook) respectively. These ratings will be assigned to the Group's existing £350 million 7 year 6.25% Sterling bond issued in January 2010.\n \nCommenting, Jez Maiden, National Express Group Finance Director, said \"Today's confirmation of our investment grade credit rating represents a further successful step in delivery of our recovery plans. These ratings not only confirm the coupon on our recent unrated bond but will also allow the Group to consider further bond issuance as and when appropriate.\"\n \n \n\n\n\n\nEnquiries:\n \n\n\n \n\n\n\n\nNational Express Group PLC\n\n\n \n\n\n\n\nJez Maiden, Group Finance Director \n\n\n020 7506 4324\n\n\n\n\nNicole Lander, Director of Communications \n\n\n0121 460 8401\n\n\n\n\n \n\n\n \n\n\n\n\nMaitland\n\n\n020 7379 5151\n\n\n\n\nNeil Bennett/George Hudson \n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZELFLBXFLBBV \n ","length":3310,"tagName":"div"}]