OREANDA-NEWS. Fitch Ratings has assigned Virgin Money plc's (VM) GBP3bn global medium term note programme a 'BBB+' rating. The rating applies only to issuance of senior unsecured notes by VM and not for issuance by its parent, Virgin Money Holdings (UK) plc. The rating is a senior programme rating and does not imply that the rating will be assigned to all notes issued under the programme.

KEY RATING DRIVERS

The senior programme rating is in line with VM's 'BBB+' Issuer Default Rating.

RATING SENSITIVITIES

As the MTN programme is rated in line with VM's IDR, the rating is primarily sensitive to changes to the IDR.