05 March 2010
The Go-Ahead Group plc is pleased to announce that Moody's and
Standard & Poor's have today published new long-term
investment-grade credit ratings for debt issued by the Group of
Baa3 (stable outlook) and BBB- (stable outlook) respectively.
Go-Ahead's Group Finance Director, Nick Swift, commented: "The
ratings confirm the strength of the Group's balance sheet and cash
flow, and will assist us in considering debt capital market
alternatives to diversify our sources of finance".
For further information, please contact:
|
The Go-Ahead Group Nick Swift, Finance
Director
Paul Edwards, Group Financial Controller and Treasurer
Catherine Garland, Group Communications &
Investor Relations Manager |
020 7821 3922
0191 232 3123
020 7821 3929 |
Notes to editors
Go-Ahead
Go-Ahead is a leading UK public transport operator, providing
high quality services in the bus and rail sectors. Employing around
25,000 people across the country, almost one billion passenger
journeys are undertaken on our services each year. We are committed
to operating our companies in a socially and environmentally
responsible way and are proud to have been awarded the Carbon Trust
Standard after taking action on climate change. In addition to the
travelling public, our customers include the Department for
Transport, Transport for London (TfL) and local authorities.
Bus
Go-Ahead is one of the UK's largest bus operators. With a fleet
of over 3,500 buses, we carry, on average, around 1.6 million
passengers every day. Our operations are focused on high density
commuter markets. We have a strong presence in London, with around
21% market share, where we provide regulated services for TfL. We
operate deregulated services in the North East, Oxford, the South
East and Southern England. We recently expanded our bus operations
with the acquisition of Plymouth CityBus in the UK, and have
established a Yellow School Bus joint venture in North America.
Rail
The rail operation, Govia, is 65% owned by Go-Ahead and 35% by
Keolis. It is the busiest rail operation in the UK, responsible for
nearly 30% of all UK passenger rail journeys through its three rail
franchises: Southern (which includes the Gatwick Express),
Southeastern and London Midland. In December 2009, Southeastern
began operating the UK's first high speed domestic rail service
between Kent and London, significantly reducing current journey
times.
For further information about our rail franchises please visit
our factsheets:
http://www.go-ahead.com/goahead/aboutus/our_markets/uk_rail_market/
Aviation Services
The Group also provides car parking services through Meteor,
which includes the 'Meet & Greet' and 'Pink Elephant' brands
and operates limited ground handling services at Terminal 1,
Heathrow.
For further information visit
www.go-ahead.com