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Fitch cuts Rolls-Royce & Partners Finance
Fitch Ratings said it downgraded Rolls-Royce & Partners Finance Ltd.’s long-term issuer default rating to BB- from BB+. At the same time, Fitch affirmed RRPF Engine Leasing Ltd.’s senior secured debt long-term rating at ‘BBB-’.
The rating actions follow the downgrade of Rolls-Royce plc to BB- from BB+ on Feb. 2. the negative outlook on RRPF mirrors that on Rolls-Royce’s IDR.
The outlook is negative
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