United Kingdom

Rentokil Initial Credit Rating Update

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Rentokil Initial plc has received credit ratings and research from Fitch and S&P Global, with both providers attributing BBB ratings 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 company’s acquisition of Terminix in October 2022, 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

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FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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