Derwent London PLC

Net Asset Value • Oct 8, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2641D

Derwent London PLC

08 October 2018

Derwent London plc

("Derwent London")

Change of Credit Rating Agency

On 29 August 2018, Fitch Ratings assigned Derwent London a long-term issuer default rating of 'A-' and a senior unsecured debt rating of 'A'.  Following this, Standard & Poors ("S&P") were requested to withdraw their 'BBB+' long-term and 'A-2' short-term credit ratings and this was announced by S&P on 3 October 2018.

At the same time, the London Merchant Securities Ltd ("LMS") Senior Secured Bonds 2026, which were given a rating of 'A' by S&P up to 3 October 2018, also became unrated. The 'A' rating was two notches above the 'BBB+' corporate rating of its parent company, Derwent London plc. Fitch have been asked to provide a credit rating for the LMS bonds and it is anticipated that they will do so within 7 days.

Enquiries:

D Lawler

Company Secretary

8 October 2018

020 7659 3000

www.derwentlondon.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCUGGUCUUPRURR