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Ryanair top of airline ratings

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.