Rolls-Royce bolsters credit rating
Blue chip aero engine maker Rolls-Royce has announced an upgrading by a leading credit agency and said it had achieved some important milestones since February.
Rolls said that in recognition of the strength of its balance sheet, the credit rating agency Standard & Poor had raised its long and short term corporate credit ratings to `A/A-1' from `A-/A-2', with a stable outlook.
Since announcing its annual results in February, milestone events included the Trent XWB engine taking to the skies for the first time, on board an Airbus A380 flying test bed.
In Singapore, it opened new manufacturing and training facilities that will produce wide chord fan blades and assemble and test large commercial jet engines.
