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<h4>Credit Rating<br></h4>
<p>On 25 June 2018, Moody’s Investors Service ("Moody's") assigned Baa2 guaranteed ratings to Porterbrook’s senior debt, with a stable outlook. Prior to the Moody’s rating, Porterbrook maintained a BBB (Stable) rating from Standard & Poor’s, that was initially assigned in 2009 and most recently affirmed when it was withdrawn, at Management’s discretion in July 2018. Management and shareholders hold it as a key objective to maintain this Baa2 rating whilst continuing to grow the business, ensuring the prudent and consistent financial and business management of the Company.</p>
<p><strong>Porterbrook is rated Baa2 (Stable) by Moody’s</strong></p>
<p>The latest rating report can be found on <a href="https://www.moodys.com/research/Moodys-assigns-Baa2-ratings-to-Porterbrook-Rail-Finance-Limiteds-Senior--PR_385421">Moody’s website</a>.<br></p>