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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