Business
Change of Credit Rating Agency
Change of Credit Rating Agency.
About this update from Derwent London Plc
[{"type":"text","content":"\n \nRNS Number : 2641D Derwent London PLC 08 October 2018 \n\n \n \nDerwent London plc\n(\"Derwent London\")\n \nChange of Credit Rating Agency\n \n \nOn 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.\n \nAt 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.\n \n \n \nEnquiries:\nD Lawler\nCompany Secretary\n \n8 October 2018\n \n020 7659 3000\nwww.derwentlondon.com\n \n \n \n \n \n\nThis 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 [email protected] or visit www.rns.com. END MSCUGGUCUUPRURR\n ","length":2963,"tagName":"div"}]