OREANDA-NEWS. Fitch Ratings has affirmed UK-based auto dealership group Pendragon plc's (Pendragon) Long- and Short-term Issuer Default Ratings (IDR) at 'B' and its senior secured rating at 'B+'. The Outlook on the Long-term IDR is Stable. The agency has simultaneously withdrawn all the ratings.

KEY RATING DRIVERS
Fitch has chosen to withdraw the ratings of Pendragon for commercial reasons.

KEY ASSUMPTIONS
Not applicable

RATING SENSITIVITIES
Not applicable.