Babcock International Group PLC: Rating Report

DBRS Limited (DBRS) upgraded the Issuer Rating and the Senior Unsecured Debt rating of Babcock International Group PLC (Babcock or the Company) to BBB from BBB (low) and changed the trends to Stable from Positive. The upgrade reflects the fact that both Babcock’s business profile and financial profile are compatible with the BBB rating. Further, DBRS expects the Company’s operating results to continue to improve, which will strengthen its key credit metrics, albeit modestly. The expected continued improvement in Babcock’s financial profile and sound business profile supports DBRS’s view that the ratings should remain stable over the next few years.