Finance

Fitch upgrades Rolls-Royce to ‘A-’ as margins, cash flow and backlog strengthen

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Fitch upgrades Rolls-Royce to ‘A-’ as margins, cash flow and backlog strengthen

Fitch Ratings has upgraded UK engine maker Rolls-Royce Holdings to ‘A-’ from ‘BBB+’, citing a stronger financial profile, improved margins and sustained cash generation, with the outlook set at stable. The agency said the upgrade reflects significant improvements in profitability and balanc...

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