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Published on 2/8/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

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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