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REG - Derwent London PLC - Change of Credit Rating Agency





 




RNS Number : 2641D
Derwent London PLC
08 October 2018
 

 

 

Derwent London plc
("Derwent London")

 

Change of Credit Rating Agency

 

 

On 29 August 2018, Fitch Ratings assigned Derwent London a long-term issuer default rating of 'A-' and a senior unsecured debt rating of 'A'.  Following this, Standard & Poors ("S&P") were requested to withdraw their 'BBB+' long-term and 'A-2' short-term credit ratings and this was announced by S&P on 3 October 2018.

 

At the same time, the London Merchant Securities Ltd ("LMS") Senior Secured Bonds 2026, which were given a rating of 'A' by S&P up to 3 October 2018, also became unrated. The 'A' rating was two notches above the 'BBB+' corporate rating of its parent company, Derwent London plc. Fitch have been asked to provide a credit rating for the LMS bonds and it is anticipated that they will do so within 7 days.

 

 

 

Enquiries:

D Lawler

Company Secretary

 

8 October 2018

 

020 7659 3000

www.derwentlondon.com

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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