Fitch Ratings affirmation of Group's credit rating

RNS Number : 3517V

Provident Financial PLC

05 April 2019

 

5 April 2019

Provident Financial plc comments on Fitch Ratings affirmation of the group's investment grade credit rating

PFG notes the announcement by Fitch today affirming the group's investment grade credit rating at BBB- with a negative outlook.

Commenting on the announcement, Malcolm Le May, Chief Executive Officer, Provident Financial said: "I am delighted that the group has maintained its investment grade credit rating, reflecting the continuing recovery of the group's financial performance and home credit franchise.
 

Current debt raised by Provident Financial plc is supported by guarantees from the key trading entities within Moneybarn and CCD. 

I believe this collective strength is fundamental to the ongoing support of our banks and bondholders."

Enquiries:
Media
Richard King/Jade Byrne, Provident Financial	01274351900/0203 620 3073
Nick Cosgrove/Charlie Pretzlik, Brunswick	020 7404 5959
Investor Relations
Gary Thompson/Vicki Turner, Provident Financial	01274 351900
[e-mail]

Notes to Editors

1 .            Provident Financial plc is a leading provider of credit products which provide financial inclusion for those consumers who are not well served by mainstream lenders. The Group serves 2.4 million customers and its operations consist of Vanquis Bank, the Consumer Credit Division (CCD) comprising Provident home credit and Satsuma, and Moneybarn.

 

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