Business
Fitch Ratings affirmation of Group's credit rating
Fitch Ratings affirmation of Group's credit rating.
About this update from Vanquis Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 3517V Provident Financial PLC 05 April 2019 \n\n \n \n \n \n \n \n5 April 2019\n \nProvident Financial plc comments on Fitch Ratings affirmation of the group's investment grade credit rating\n \nPFG notes the announcement by Fitch today affirming the group's investment grade credit rating at BBB- with a negative outlook.\n \nCommenting on the announcement, Malcolm Le May, Chief Executive Officer, Provident Financial said: \"I am delighted that the group has maintained its investment grade credit rating, reflecting the continuing recovery of the group's financial performance and home credit franchise.\n \nCurrent debt raised by Provident Financial plc is supported by guarantees from the key trading entities within Moneybarn and CCD. \nI believe this collective strength is fundamental to the ongoing support of our banks and bondholders.\"\n \n \n \n \n\n\n\n\nEnquiries: \n\n\n \n\n\n\n\nMedia\n\n\n \n\n\n\n\nRichard King/Jade Byrne, Provident Financial \n\n\n01274351900/0203 620 3073\n\n\n\n\nNick Cosgrove/Charlie Pretzlik, Brunswick\n\n\n020 7404 5959\n\n\n\n\n \n\n\n \n\n\n\n\nInvestor Relations\n\n\n \n\n\n\n\nGary Thompson/Vicki Turner, Provident Financial\n\n\n01274 351900\n\n\n\n\[email protected]\n\n\n \n\n\n\n\n \n \nNotes to Editors\n \n1 . Provident Financial plc is a leading provider of credit products which provide financial inclusion for those consumers who are not well served by mainstream lenders. The Group serves 2.4 million customers and its operations consist of Vanquis Bank, the Consumer Credit Division (CCD) comprising Provident home credit and Satsuma, and Moneybarn.\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 a...