Rolls-Royce Regains Investment-Grade Rating Amid CEO Turnaround – Bloomberg

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Asia Pacific+65 6212 1000
The rating company said Rolls-Royce’s operating performance in 2023 was stronger than anticipated.
Rolls-Royce Holdings Plc regained an investment-grade credit rating with Standard & Poor’s for the first time in almost four years, as investors take a more favorable view of the UK aircraft engine manufacturer undergoing a turnaround under Chief Executive Officer Tufan Erginbilgic.
The company’s long-term issuer credit rating was raised to BBB- from BB+, S&P said in a statement. Rolls-Royce last held that rating until the end of May 2020, and suffered another cut later that year before improving its credit standing in March 2023.

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