Rentokil Initial PLC

Net Asset Value • Oct 30, 2023

National Storage Mechanism | Additional information

RNS Number : 7311R

Rentokil Initial PLC

30 October 2023

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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