Rolling Stock Leasing Companies: Credit Rating
(asked on 15th October 2019) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, what assessment he has made of the credit ratings of UK rolling stock companies (a) Porterbrook, (b) Angel Trains, (c) Eversholt Rail and (d) Rock Rail and the costs at which those companies can respectively secure finance.
This question was answered on 23rd October 2019
The Department has not made an assessment of the credit rating of any of the rolling stock companies including Porterbrook, Angel Trains, Eversholt Rail or Rock Rail. It is a matter for the credit rating agencies to determine the ratings of such companies and for market to determine the cost of providing competitive financing.