S&P ups outlook on Rolls Royce's long-term debt rating to 'stable'
Rolls-Royce Holdings
580.00p
17:14 10/01/25
Perhaps the world's most influential debt ratings agency raised the outlook on Rolls Royce's long-term debt, forecasting a significant improvement in the engine maker's profits and cash flows over the next two years.
Aerospace and Defence
11,800.41
16:59 10/01/25
FTSE 100
8,248.49
17:14 10/01/25
FTSE 350
4,521.32
16:59 10/01/25
FTSE All-Share
4,476.42
17:15 10/01/25
Following the clear majority obtained by the Conservatives at the last elections and with the risk of a no-deal Brexit now diminished, Standard&Poor's raised its outlook on the engineer's BBB- rating from 'negative' to 'stable'.
"We now believe that Rolls-Royce is well positioned to deliver against our expectations," S&P said.
"The stable outlook reflects our expectation that Rolls-Royce will continue to deliver on its business strategy, grow revenues, and improve profitability, cash flows, and credit metrics."
As of 1600 GMT, shares of Rolls Royce were advancing 2.29% to 651.40p.