Tullett Prebon Gp Hd 97YI Debt ratings update

  Tullett Prebon Gp Hd (97YI) - Debt ratings update

RNS Number : 8533I
Tullett Prebon Group Holdings PLC
31 July 2012
 

31 July 2012

 

Tullett Prebon Group Holdings plc (the "Company")

 

Debt ratings update

 

 

Tullett Prebon plc (the "Group"), the parent of Tullett Prebon Group  Holdings 
plc, today announced  its interim  results for the  six months  ended 30  June 
2012. The announcement contained reference  to the Group's debt ratings.   The 
same information with respect  to the debt  issued by the  Company is set  out 
below.

 

Fitch  upgraded  the  Company's  senior  unsecured  debt  rating  to  BBB  and 
subordinated debt rating to BBB-, both with stable outlook, in February  2011. 
The ratings  and outlook  were  affirmed in  February  2012, and  again,  most 
recently, on 6 July 2012.

 

Moody's have rated  the Company's senior  unsecured debt at  Baa3 since  those 
notes were  issued  in  July 2009,  and  have  maintained the  rating  of  the 
subordinated debt at Ba2 since March 2007.  In March 2012, Moody's changed its
outlook on the  ratings to  negative from  stable. The  Group's contract  with 
Moody's expired on 30 June 2012 and  is not being renewed. Moody's may  decide 
to maintain a rating on the Company's debt but they will no longer have access
to any non-public information on the Group or the Company.

 

The full text of the Group's interim results announcement is available on  the 
Group's website: www.tullettprebon.com

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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MSCEAKXEDANAEFF -0- Jul/31/2012 06:00 GMT