RYANAIR has received its first credit rating from global ratings agency Standard and Poor's. At BBB+, the carrier said it is the highest rated airline in the world.
The airline has been working with S&P and the other two ratings giants, Moody's and Fitch, with a view to obtaining a credit rating that would enable it to access capital markets to secure financing to bankroll its aircraft order from Boeing.
S&P said Ryanair had a satisfactory business risk profile.
"This reflects Ryanair's leading position in the European low-cost airline market, supported by its track record over the past three years, its industry-leading operating efficiency, and its above-average profitability," the agency said.