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Fitch rates Whitbread bond BBB-
Fitch Ratings said it assigned Whitbread Group plc’s prospective £525 million of senior unsecured green bond an expected BBB- rating.
The expected rating is aligned with Whitbread’s BBB- long-term issuer default rating with a stable and its other senior unsecured instrument ratings.
Whitbread plc and Premier Inn Hotels Ltd. will guarantee the bond, which will rank pari passu with all of Whitbread’s senior unsecured debt, including its £950 million revolving credit facility.
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