Pendragon PLC (PDG.L)
* Anticipated outturn for full year is comfortably ahead of expectations
* Q1 underlying profit before tax increasing by 10.4 per cent
(The following statement was released by the rating agency) WARSAW/LONDON, April 15 (Fitch) 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. KEY RATING DRIVERS High but Gradually Improving Leverage Pendragon has considerable off-balance-sheet operating lease obligations, which totalled GBP342m at end-2014. Bank debt a
* Agreed to acquire trade and certain assets of a motor dealership located in glendale, california, usa, from texas automobiles leasing t/a lexus of glendale
* Doubles final div to 0.6p, sees similar rise in 2015 interim
LONDON, Feb 17 - Britain's largest car dealership Pendragon pledged to double its 2015 interim dividend after strong demand online helped it to post profits and earnings per share up by more than a third in 2014.