trending Market Intelligence /marketintelligence/en/news-insights/trending/VXyUik7d9q6R5trKIeGAFQ2 content esgSubNav
In This List

Fitch upgrades RELX short-term rating after revising criteria

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


Fitch upgrades RELX short-term rating after revising criteria

Fitch Ratings upgraded RELX PLC's short-term issuer default rating to F1 from F2, citing the British company's robust liquidity, following the rating agency's new criteria for short-term ratings. Fitch also removed the rating from "Under Criteria Observation."

Fitch said that RELX's stable cash flow resulted from structural factors and strategic execution, supporting the company's credit profile and rating.

While leverage is expected to rise in 2019, it is likely to remain within the rating agency's limits.

The company deploys an organic expansion growth strategy that reduces the risk on use of free cash flow, according to the agency.