Moody’s upgrades Rolls-Royce outlook on strong performance

Moody’s Ratings has upgraded Rolls-Royce Holdings' outlook to positive from stable, affirming its A3 long-term issuer ratings due to strong performance across all business divisions and a conservative financial policy. The company's Civil Aerospace unit has shown resilience, complemented by sustained profit increases in its Defence and Power Systems businesses. Moody's anticipates continued profit growth from commercial and operational improvements, expecting Rolls-Royce to maintain a net cash position and execute significant share buybacks through 2028.