April 2026 – Moody’s Ratings has upgraded the corporate family rating (CFR) of Doncasters to B2 from B3, along with its probability of default rating (PDR) to B2-PD from B3-PD.
The upgrade reflects Doncasters’ strengthened credit profile, improved operational execution and performance, and stronger credit ratios.
Moody’s also highlighted the company’s solid management track record, more disciplined financial strategy, and effective risk management as key contributors to the improved rating.
Additional factors underpinning the upgrade include strong demand across core markets, improved contract terms with customers, and enhanced revenue visibility, margins and cash generation over the medium term.
Looking ahead, Doncasters is expected to continue delivering organic revenue and EBITDA growth, supported by robust order books and sustained demand in aerospace and energy markets.
Mike Quinn, Chief Executive Officer of Doncasters, said: “We are delighted to see Moody’s upgrade our rating to B2.
“This reflects the continued strength of our operational performance, the positive momentum across our end markets, and the disciplined approach we are taking to financial management.
“We remain focused on building on this progress, strengthening our customer partnerships, and driving sustainable growth in the years ahead.”
For the full Moody’s press release click here.
