LSE:BATSTobacco
Fitch Upgrade Puts Focus On British American Tobacco Debt And Valuation
Fitch Ratings has upgraded British American Tobacco's long term issuer rating to A-.
The move reflects Fitch's view of a stronger credit profile and confidence in the company's financial position.
The upgrade may affect British American Tobacco's borrowing costs and how investors assess its balance sheet strength.
British American Tobacco, listed as LSE:BATS, is one of the largest global tobacco groups, with a portfolio that spans traditional cigarettes and newer nicotine products. A credit...