S&P research update - October 2014 (PDF 281KB)
S&P supplementary analysis - June 2014 (PDF 307KB)
S&P research update - May 2014 (PDF 326KB)
S&P report - November 2013 (PDF 285KB)
S&P report - June 2013 (PDF 314KB)
S&P report - June 2012 (PDF 454KB)
S&P press release May 2012 - AA+ rating affirmed (PDF 426KB)
S&P report - May 2011 (PDF 456KB)
S&P report - December 2010 (PDF 422KB)
S&P report - October 2010 (PDF 419KB)
S&P assigns A -1+ short-term rating to TfL - July 2010 (PDF 423KB)
S&P affirms TfL's AA rating on tube Lines acquisition - May 2010 (PDF 357KB)
S&P report - April 2010 (PDF 509KB)
S&P report - March 2009 (PDF 502KB)
S&P press release March 2009 - AA rating affirmed (PDF 418KB)
S&P press release September 2008: No Change To Transport for London Rating Following Arbiter's Guidance (PDF 329KB)
S&P report - February 2008 (PDF 420KB)
S&P report - January 2008 (PDF 437KB)
Past ratings reports
Moody's credit opinion - May 2014 (PDF 134KB)
Moody's credit opinion - March 2013 (PDF 71KB)
Moody's takes action on UK sub-sovereigns - February 2013 (PDF 60KB)
Moody's credit opinion - February 2012 (PDF 85KB)
Moody's takes action on European sub-sovereigns - February 2012 (PDF 64KB)
Moody's report - January 2012 (PDF 1.1MB)
Moody's credit opinion - December 2010 (PDF 71KB)
Moody's assigns P-1 rating to TfL - July 2010 (PDF 40KB)
Moody's credit opinion - June 2010 (PDF 68KB)
Moody's report - June 2010 (PDF 474KB)
Moody's credit opinion - November 2009 (PDF 45KB)
Moody's report - April 2008 (PDF 81KB)
Fitch Ratings report - November 2014 (PDF 467KB)
Fitch Ratings press release - March 2014 (PDF 48KB)
Fitch Ratings press release - April 2013 (PDF 44KB)
Fitch Ratings report - March 2013 (PDF 331KB)
Fitch Ratings press release: Outlook revised - March 2012 (PDF 50KB)
Fitch Ratings report - March 2012 (PDF 497KB)
Fitch Ratings report - March 2011 (PDF 301KB)
Fitch assigns F -1+ short-term rating to TfL's CP Programme - July 2010 (PDF 25KB)
Fitch Ratings press release: AA status affirmed on acquisition of Tube Lines - June 2010 (PDF 15KB)
Fitch Ratings report - February 2010 (PDF 318KB)
Fitch Ratings press release: 'AA' status affirmed - February 2010 (PDF 84KB)
Fitch Ratings report - February 2009 (PDF 240KB)
Fitch Ratings press release: 'AA' status affirmed - February 2009 (PDF 76KB)
Fitch Ratings report - February 2008 (PDF 18KB)
Fitch Ratings press release: 'AA' status affirmed - February 2008 (PDF 332KB)