Finance week - Another blow for Metronet as rating cut. Credit rating of tube network consortium downgraded following concerns over missed performance targets, writes Nicholas Neveling. (15-DEC-05) Accountancy Age

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AccessMyLibrary Browse A Accountancy Age DEC-05 Finance week - Another blow for Metronet as rating cut. Credit rating of tube network consortium downgraded following concerns over missed performance targets, writes Nicholas Neveling.

Finance week - Another blow for Metronet as rating cut. Credit rating of tube network consortium downgraded following concerns over missed performance targets, writes Nicholas Neveling.

Publication: Accountancy Age

Publication Date: 15-DEC-05

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Metronet, the consortium involved in the [pounds sterling]15bn upgrade of London's tube network, moved one step closer to losing the investment grade status of some of its bonds and bank loans, after a credit rating downgrade.

The consortium, made up of Atkins, Balfour Beatty, Bombardier Transportation, EDF Energy and RWE Thames Water, has bank loans of...

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