12 Sep '17, 4pm

NEWS: Aston Martin welcomes upgrade by Moody’s Investors Service https://t.co/chmToUZ1Qn

NEWS: Aston Martin welcomes upgrade by Moody’s Investors Service https://t.co/chmToUZ1Qn

12 September 2017, Gaydon, UK: Aston Martin Holdings (UK) Ltd, the producer of luxury handcrafted sports cars, today welcomed a decision by Moody’s Investors Service to upgrade its credit rating for the company. The upgrade follows the earlier change in outlook from Stable to Positive, as well as the publication of Aston Martin’s sharply improved first-half financial results. In the six months to June 30, pre-tax profits reached £21.1m – reversing a loss of £82.3m in the same period of 2016 – on revenues that increased to £410.4m from £211.8m in the first half of 2016. In the second quarter, pre-tax profits reached £15.2m on revenues of £222.0m, compared with a pre-tax loss of £52.6m on revenues of £119.2m in the prior-year quarter. As part of the ongoing transformation of the company, Aston Martin also recently completed the offering of £550 million of senior secured note...

Full article: http://www.astonmartin.com/en/live/news/2017/09/12/aston-...

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