22 Dec 2021 07:00
RNS Number : 4140W
Victoria PLC
22 December 2021
For Immediate Release 22 December 2021
Victoria PLC
('Victoria' or the 'Group')
Senior Notes - Moody's revises outlook upwards on improving operating performance and re-affirms credit rating
Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, is pleased to announce that, Moody's have formally improved their view of the outlook for Victoria's 2026 and 2028 Senior Notes based on the strong trading performance of the Group and its track record of successfully integrating acquisitions.
This move follows a similar decision by the other two rating agencies, Standard & Poor and Fitch, who upgraded their outlook in September and June respectively.
The full Moody's announcement (registration required) can be viewed at:
https://www.moodys.com/research/Moodys-changes-Victorias-outlook-to-stable-from-negative--PR_460324
For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director | +44 (0) 1562 749 610 | Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Alex Bond | +44 (0) 207 496 3095 | Berenberg (Joint Broker) Ben Wright, Mark Whitmore Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark Buchanan Communications (Financial PR) Charles Ryland, Chris Lane, Vicky Hayns, Tilly Abraham | +44 (0) 203 207 7800 +44 (0) 207 418 8900 +44 (0) 20 7466 5000 |
About Victoria Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, the United States and Australia and employs approximately 4,000 people across more than 26 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions. The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth. (Further information about Victoria can be found on its website, www.victoriaplc.com.) |
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