S&P Global Ratings today assigned its 'BBB (sf)' credit rating to RAC Bond Co. PLC's class A4 notes. The class A4 notes' expected maturity date (EMD) is in November 2029. At closing, the proceeds from the class A4 notes issuance were used to partly redeem the £485 million class A2 notes with an EMD in May 2026. The remaining balance of £85 million was funded using RAC Bidco Ltd.'s (RAC) own funds. Total debt leverage post the class A4 notes' issuance and considering the 2025 senior term facility (2025 STF) and 2025 private placement (2025 PP) issuance due in June 2025 (see "Refinancing activities since class A3 notes issuance" below) has reduced to 5.74:1 from 6.4:1, based on financial year