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Mobico Group PLC: Update following downgrade to Ba2

Our credit view of this issuer reflects its high leverage.

Moody's Ratings downgrades Mobico's rating to Ba2; stable outlook

Moody's Ratings (Moody's) has assigned a long-term corporate family rating (CFR) of Ba2 and a probability of default rating of Ba2-PD to Mobico Group PLC (Mobico). At the same time we have withdrawn its Baa3 long-term issuer rating. We also downgraded the company's £1.5 billion backed senior unsecur...

Mobico Group PLC: Update following downgrade to Baa3

Our credit view of this issuer reflects its high leverage.

Moody's Ratings downgrades Mobico's rating to Baa3; ratings on review ...

Moody's Ratings (Moody's) has today downgraded Mobico Group PLC's (Mobico) long-term issuer rating to Baa3 from Baa2. At the same time, the rating agency downgraded the company's £1.5 billion backed senior unsecured medium term note (MTN) programme to (P)Baa3 from (P)Baa2, its £250 million backed se...

Mobico Group PLC: Accounting review of German rail business delays 202...

The company remains weakly positioned in the current Baa2 rating category.

Moody's revises Mobico's outlook to negative; issuer rating at Baa2

Moody's Investors Service (Moody's) today affirmed Mobico Group PLC's (Mobico) issuer rating at Baa2, along with its senior unsecured ratings for the £1.5 billion backed senior unsecured medium term note (MTN) programme at (P)Baa2, its £250 million backed senior unsecured medium term notes due 2028 ...

Moody's announces completion of a periodic review for a group of Passe...

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated entity(entities) listed below. The review was conducted through a portfolio review discussion held on 14 September 2023 in which M...

Moody's rates Mobico's proposed senior unsecured notes Baa2; outlook s...

Moody's Investors Service (Moody's) today assigned Baa2 rating to Mobico Group PLC's (Mobico) backed proposed senior unsecured medium term notes due 2031 currently being marketed. The other ratings of Mobico remain unchanged, including  its £1.5 billion backed senior unsecured medium term note (MTN)...

Mobico Group PLC: Annual update

Our credit view of this issuer reflects its diversified business mix and geographical exposure, offset by its relatively weak credit metrics impacted not yet fully recovered post-pandemic.

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