Rolls-Royce reviewing balance sheet options after COVID-19 hit

Rolls-Royce reviewing balance sheet options after COVID-19 hit

A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore
A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore on Feb 11, 2020. (Photo: REUTERS/Edgar Su)

LONDON: British aerospace engineer Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic.

"We confirm we are in the early stages of reviewing a range of potential options," the company said in a statement. "However, no decisions have been made."

The company said its financial position and liquidity remained strong.

Shares in Rolls-Royce were trading down 8.5per cent at 267 pence following the announcement.

(Reporting by Paul Sandle; Editing by Alison Williams)

Source: Reuters

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