DBRS lifts Babcock to BBB

DBRS said it upgraded the issuer rating and the senior unsecured debt rating of Babcock International Group plc to BBB from BBB (low).

The trend was revised to stable.

The agency said the upgrade reflects the fact that both Babcock’s business profile and financial profile are compatible with the BBB rating.

Further, DBRS expects the company’s operating results to continue to improve, which will strengthen its key credit metrics, albeit modestly.

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