LONDON: Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha Limited’s long-term credit rating of A+ on 26 October 2020.

The outlook for the rating remains ‘negative’ due to the current economic uncertainty.

In their Research Update, S&P have commented that bpha:

·      benefits from strong economic fundamentals and excellent asset quality

·      has solid EBITDA interest coverage

·      has a very strong liquidity position

S&P also reaffirmed at A+ the senior secured debt rating on bpha’s outstanding bonds issued by bpha Finance plc.