30 Oct 2023 11:55
RNS Number : 7311R
Rentokil Initial PLC
30 October 2023
30 October 2023
Credit rating update
Rentokil Initial plc (the "Company") confirms that it has received credit ratings and research from both Fitch and S&P Global, with both providers attributing a 'BBB', with a 'Stable' outlook.
In initiating coverage, Fitch noted the Company's global scale and market position, strong service execution, and profitability.
S&P Global acknowledged synergies from the Terminix acquisition, including improving free operating cash flow and expected deleveraging.
Fitch rating in full: BBB; Outlook Stable.
S&P Global rating in full: BBB / Stable / A-2
Enquiries:
Investors / Analysts: Peter Russell ?Rentokil Initial plc +44 (0)7795 166506
Media: Malcolm Padley Rentokil Initial plc +44 (0)7788 978199
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Rentokil Initial (RTO)