Fitch affirms Pacific National

Fitch said it affirmed Pacific National Holdings Pty Ltd.'s long-term issuer default rating at BBB-. The outlook on the IDR is stable.

The ratings on all senior unsecured debt issued or guaranteed by Pacific National (formerly Asciano Ltd.), including debt issued by subsidiary Pacific National Finance Pty Ltd. (formerly Asciano Finance Ltd.), have also been affirmed at BBB-.

“The affirmation follows a review of the company's performance in the financial year ended 30 June 2018 (FY18) when Pacific National reported revenue growth of 7.4% (Fitch-adjusted) in line with our expectations,” Fitch said in a news 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.