Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable

Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable
Published Feb 18, 2013
Published Feb 18, 2013
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About This Report

  
Abstract:

The operating results of U.K.-based food services provider Compass Group PLC (Compass) remain strong and its credit metrics are consistently higher than those we consider commensurate with the current rating. We are therefore raising our long-term corporate credit rating on Compass to 'A' from 'A-'. We are also raising to 'A' from 'A-' our issue ratings on Compass' £2 billion euro medium-term notes program, £250 million bonds due August 2014, and €600 million notes due February 2019. The stable outlook reflects our view that Compass' operating performance and credit metrics will remain strong. On Feb. 18, 2013, Standard&Poor's Ratings Services raised its long-term corporate credit rating on U.K.-based food services provider Compass Group PLC (Compass) to 'A' from

  
Report Type:

Research Update

Ticker
CPG@LN
Issuer
GICS
Restaurants (25301040)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable" Feb 18, 2013. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-K-Based-Food-Services-Provider-Compass-Group-Upgraded-To-A-On-Ongoing-Strong-Credit-Metrics-Outlook-Stable-1079527>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: U.K.-Based Food Services Provider Compass Group Upgraded To 'A' On Ongoing Strong Credit Metrics; Outlook Stable Feb 18, 2013. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-K-Based-Food-Services-Provider-Compass-Group-Upgraded-To-A-On-Ongoing-Strong-Credit-Metrics-Outlook-Stable-1079527>
  
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