Moody's: Derby bonds to positive

Moody's Investors Service said it changed the outlook on the Baa1 rating for £447 million of fixed guaranteed secured bonds due 2041 issued by Derby Healthcare plc to positive from stable.

In addition, Moody's affirmed the Baa1 rating on the bonds.

"The change of outlook on the bonds to positive reflects Derby Healthcare plc's improved operational performance," Moody's vice president and senior credit officer Johan Verhaeghe said in a news release.

"The project is in its fifth year of operations and following some start-up issues, operating performance is now satisfactory with a low level of financial penalties imposed by the trust," Verhaeghe added in the release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.