S&P downgrades Rolls-Royce credit rating after bribery fine

FILE PHOTO – The setting sun reflects on a building at Rolls-Royce in Derby, central England , November 4, 2014. REUTERS/Darren Staples/File Photo
MoreLONDON (Reuters) – Ratings agency S&P on Tuesday downgraded Rolls-Royce’s long-term corporate credit rating, responding to news last week that the aero-engine maker’s finances would be hit by a 671 million pound ($835 million) fine paid to settle a bribery investigation.
S&P said it now rated Rolls-Royce ‘BBB+