Transport for London Receives Positive Rating Upgrade from Moody's
Monday, 15 July 2024, 17:00
Transport for London's Debt Ratings Upgrade
Transport for London (TfL) has recently received an upgrade in its debt ratings from Moody's, highlighting the organization's commitment to financial prudence and sustainability.
Effective Cost Controls
Moody's acknowledged TfL's tight cost control measures as a key factor in the rating upgrade, demonstrating proactive financial management.
Revenue Growth
Increasing passenger revenues have also contributed to TfL's enhanced financial outlook, showcasing a positive trend in income generation.
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