Close Brothers Group plc holds credit ratings from two major agencies: Fitch and Moody's. As of their latest assessments, Close Brothers has a BBB+ long-term rating and F2 short-term rating from Fitch, and an A3 long-term rating and P2 short-term rating from Moody's.
Close Brothers Credit Ratings Overview
Credit ratings provide an assessment of a company's financial strength and ability to meet its financial commitments. For Close Brothers, these ratings are crucial indicators for investors and stakeholders, reflecting their creditworthiness across different time horizons.
Below is a detailed breakdown of Close Brothers' current credit ratings:
| Agency | Long Term Rating | Short Term Rating | Date of Assessment |
|---|---|---|---|
| Fitch | BBB+ | F2 | 20 February 2024 |
| Moody's | A3 | P2 | 14 August 2024 |
Understanding These Ratings
- Fitch Ratings:
- A BBB+ long-term rating indicates good credit quality, meaning that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but may be more susceptible to adverse business or economic conditions than higher rated entities.
- An F2 short-term rating denotes a good capacity for timely payment of financial commitments.
- Moody's Ratings:
- An A3 long-term rating signifies that the obligation is judged to be of upper-medium grade and is subject to low credit risk.
- A P2 (Prime-2) short-term rating reflects a strong ability to repay short-term debt obligations.
These ratings are periodically reviewed and updated by the respective agencies, reflecting the ongoing financial performance and strategic position of Close Brothers. For the most current information, it is always advisable to refer to their official disclosures.
For further details regarding Close Brothers' credit ratings and financial information, you can visit their dedicated credit ratings page on their official website: Close Brothers Credit Ratings
