Ratings upgrade strengthens flotation speculation at Aston Martin
Speculation over a possible flotation of sports car manufacturer Aston Martin has gathered momentum after a major financial services group upgraded the Warwickshire company’s credit rating.
S&P (Standard & Poor’s) Global Ratings has upgraded the Gaydon-based business and its senior secured notes to ‘B’ from ‘B-minus‘. This comes on the back of a consistent improvement in the manufacturer’s operating and financial performance.
In 2017, Aston Martin delivered record revenues, with profits growing by £250m as... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...