Fitch Affirms Mobico Group Rating on Improving Performance, Reduced Risk

02:48 AM EDT, 10/02/2026 (MT Newswires) -- Fitch maintained Mobico Group's (MCG.L) BB long-term issuer default rating, with a negative outlook, according to a Thursday release. The affirmation reflects the British public transport company's improving operating performance and reduced business risk following the German Rail settlement and the sale of its UK bus business, among others. The negative outlook indicates ongoing cash-flow constraints from legacy liabilities and risks to delivering profitability improvements at WeDriveU and UK Coach.