August 2026: S&P Global Assigns 'BBB-' Rating to BAT's Perpetual Subordinated Hybrid Instruments S&P Global Ratings has assigned a 'BBB-' long-term issue rating to British American Tobacco PLC's proposed multi-tranche perpetual subordinated fixed-to-reset rate hybrid securities. The rating covers the hybrid segment of BAT's multi-part capital market offering, which also...
