Fitch gives Whitbread bond BBB-

Fitch Ratings said it assigned Whitbread Group plc’s £550 million senior unsecured green bonds in two tranches of £300 million 2.375% bonds due 2027 and £250 million 3% bonds due 2031 a final rating of BBB-.

The rating is aligned with Whitbread’s BBB- long-term issuer default rating and its other senior unsecured instrument ratings, Fitch said.

Whitbread plc and Premier Inn Hotels Ltd. guarantee the bonds, which will rank pari passu with all of Whitbread’s senior unsecured debt, including its £950 million revolving credit facility.

The outlook is stable.

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