London, 07 May 2015 -- Although the Brent oil price is currently trading at around $68/barrel, having fallen sharply from $115/barrel in mid June 2014, Moody's Investors Service expects a limited beneficial short-term impact on the three main UK bus companies National Express Group PLC (Natex, Baa3 stable), Go-Ahead Group plc (The) (Go-Ahead, Baa3 stable) and Stagecoach Group Plc (Stagecoach, Baa2 stable). This is because the operators have at or close to 100% of their fuel costs hedged for the current year. However, after the current year, hedging percentages vary.

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