REG - Rentokil Initial PLC - Credit rating update

Rentokil InitialAnnouncement

30/10/2023 12:00

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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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