Credit rating

Credit rating

The Group’s objective is to maintain an investment grade and ensure operating flexibility. This is achieved through the delivery of planned operating cash flows, and management of its relationships with debt capital market investors, banks and rating agencies.

Three credit rating agencies, Moody's Investors Service, Standard and Poor's Ratings Services and Fitch's Investors Service, publish credit ratings for the Group.

As at 21 September 2016, the Group's long-term credit ratings provided by these agencies were as follows:

Rating agency Rating Outlook Category
S&P BBB Stable Investment grade
Moody's Baa2 Stable Investment grade
Fitch BBB Stable Investment grade