Rollins Receives Inaugural Investment Grade Credit Ratings From Fitch and S&P
Rhea-AI Summary
Rollins (NYSE:ROL) has received inaugural investment grade credit ratings from two major rating agencies. Fitch Ratings assigned a Long-Term Issuer Default Rating of BBB+ with a Stable outlook, while S&P Global Ratings assigned an Issuer Rating of BBB, also with a Stable outlook.
The company's CFO, Ken Krause, highlighted that these ratings represent a significant milestone in Rollins' business and capital structure modernization efforts. He emphasized the advantages these investment grade ratings provide in terms of flexibility and cost of capital, while reaffirming the company's commitment to conservative leverage, disciplined growth, and balanced capital allocation.
Positive
- Received investment grade credit ratings from both Fitch (BBB+) and S&P (BBB)
- Ratings indicate strong financial stability and creditworthiness
- Enhanced flexibility and reduced cost of capital advantages
Negative
- None.
News Market Reaction – ROL
In the trading session that priced this news, ROL declined 2.29%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Fitch has assigned a Long-Term Issuer Default Rating of BBB+ to the Company with a Stable outlook, while S&P has assigned an Issuer Rating of BBB to the Company with a Stable outlook.
"Over the last few years, we have made considerable progress in modernizing our business and capital structure. The assignment of investment grade credit ratings from these two agencies marks another important step in our modernization journey. We value the flexibility and cost of capital advantages these investment grade ratings provide and remain committed to our track record of conservative leverage, disciplined growth, and balanced capital allocation," said Ken Krause, Executive Vice President and Chief Financial Officer.
About Rollins, Inc.
Rollins, Inc. (ROL) is a premier global consumer and commercial services company. Through its family of leading brands, the Company and its franchises provide essential pest control services and protection against termite damage, rodents, and insects to more than 2.8 million customers in
Cautionary Statement Regarding Forward-Looking Statements
This press release as well as other written or oral statements by the Company may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our current opinions, expectations, intentions, beliefs, plans, objectives, assumptions and projections about future events and financial trends affecting the operating results and financial condition of our business. Although we believe that these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Generally, statements that do not relate to historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. The words "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "should," "will," "would," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
Forward-looking statements in this press release include, but are not limited to, statements regarding: modernizing our business and capital structure; and remaining committed to our track record of conservative leverage, disciplined growth, and balanced capital allocation.
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks and uncertainties. Important factors could cause actual results to differ materially from those indicated or implied by forward-looking statements including, but not limited to, those set forth in the sections entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and may also be described from time to time in our future reports filed with the SEC.
Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required by law.
Investor Contact:
InvestorRelations@rollins.com
(404) 888-2000
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SOURCE Rollins, Inc.