Fitch Ratings defines itself as "a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions." Let joy be unconfined, and let the impressively-connected London Reconnections summarise Fitch's report on the state of the remaining PPP firm fixing the Underground. On the one hand:
On the surface...there appears to be nothing to indicate that Tube Lines is at risk of succumbing a la Metronet in the near future.
And on the other:
Given the current three-way fight brewing between the Government, TfL and Tube Lines, therefore, nothing should be taken for granted.
More here. And if it all gets a bit technical for you, they have pictures of Crossrail too.
