Babcock International Group PLC: Rating Report
On 16 September 2020, DBRS Morningstar confirmed the Issuer Rating and the Senior Unsecured Debt rating of Babcock International Group PLC at BBB. The trends remain Stable. Even though the Coronavirus Disease (COVID-19) pandemic is weighing significantly on Babcock's financial profile, DBRS Morningstar expects that in conjunction with Babcock's sound business profile, the Company’s key financial metrics will remain supportive of the assigned rating category. For more insight, see the rating report.Babcock International Group is a holding company. Through its subsidiaries, Co. operates in four sectors: Marine, which provides an array of marine and naval engineering services; Land, which provides fleet management and training for customer-owned defense, emergency services, global airport and commercial vehicle fleets, as well as engineering services and technical training for customers worldwide; Aviation, which delivers an array of engineering services to defense and civil customers; and Cavendish Nuclear, which delivers nuclear engineering on nuclear decommissioning programs and projects across the U.K., as well as nuclear engineering services in training and operation support.
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