TfL’s debt ratings upgraded by Moody’s citing tight cost controls and increased income

Tight cost control and improving passenger revenues have seen Transport for London (TfL) receive a vote of confidence from Moody’s debt ratings agency.When TfL borrows money by issuing debt, the ratings agencies give it a quality score, which affects the amount it has to pay in interest payments. The higher the quality score, the lower the cost of servicing the debt.
The ratings agencies periodically report on company debts.
Moody’s, one of the big three agencies, has upgraded TfL&rs