Fitch Withdraws Roadchef Finance Limited Ratings on Prepayment
GBP133m 7.418% class A2 secured notes due 2023: 'BB-'; Outlook Stable
GBP42m 8.015% class B secured notes due 2026: 'B'; Outlook Stable
KEY RATING DRIVERS
Fitch has withdrawn RoadChef Finance Limited's ratings as the notes were repaid early.
SUMMARY OF CREDIT
RoadChef Finance Limited was a securitisation of cash flows from UK motorways service areas (MSA) operated by RoadChef, the third-largest UK MSA operator with around a 20% market share.