Qube Holdings attains investment grade rating

Qube Holdings (ASX:QUB) has been awarded an investment grade credit rating by Fitch Ratings and S&P Global Ratings. Both agencies assigned a BBB rating with a stable outlook. This highlights Qube's market strength in logistics services in Australia.

Qube Holdings' strategic financial outlook

Qube Holdings has achieved a significant milestone with its investment grade credit rating of BBB from Fitch Ratings and S&P Global Ratings. This recognition underscores its strong market position in logistics and operational resilience. The stable outlook reflects confidence in Qube's financial stability. Moving forward, Qube plans to engage with debt investors in Australia and Asia, contemplating issuing a 7 or 10-year Australian dollar-denominated bond. This forms part of their strategy to diversify funding and manage debt effectively under the Australian Medium Term Note Programme. The company aims to leverage this status to further its financial flexibility and support growth initiatives.

Executive insights on credit rating

We are pleased with the acknowledgment of our business strength and earnings resilience by the rating agencies. These credit ratings are a significant milestone in our strategic plan to diversify funding sources and extend debt maturity.