Moody's affirms Compass

Moody's Investors Service said it affirmed the Baa2 long-term debt ratings of Compass Group plc following publication of the company's interim results and the related announcement regarding its balance sheet structure.

The outlook remains stable.

The affirmation reflects further improvement in Compass Group's operating performance over the six months ended March 31, the agency said, with operating profit margin up across all regions.

Moody's said the Baa2 rating considers its expectation that the company will continue to pursue its focus on organic growth as well as bolt-on acquisitions in its core businesses.

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