RYR highest rated airline

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RYR highest rated airline

Post by atoutprix on Thu 20 Mar 2014 - 11:11


Ryanair Is Highest Rated Airline In The World By Standard & Poor’s

Ryanair Holdings Plc today (20 Mar) announced that it received a BBB+ rating (modified from a-) from Standard & Poor’s making it the highest rated airline in the world. This rating reflects the fundamental strength of Ryanair’s business model which has delivered a track record of high levels of profitability, superior cash generation, and a very strong balance sheet with low levels of leverage. Ryanair has undertaken the rating process (with Citibank as advisors) as part of its plans to access capital markets to source secured and unsecured debt financing for its new 175 Boeing 737-800 aircraft order.  
Ryanair has also completed a €70m systematic share buyback programme announced in December 20, 2013 bringing the total share buybacks in FY14 to €484m.

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