Fnac Darty: Scope Ratings upgrades Fnac Darty's credit rating from BBB- to BBB, consolidating its position in the “Investment grade” category
01 April 2022 - 6:47PM
Fnac Darty: Scope Ratings upgrades Fnac Darty's credit rating from
BBB- to BBB, consolidating its position in the “Investment grade”
category
Scope Ratings upgrades
Fnac Darty's credit rating from BBB-
to BBB, consolidating its position in the
“Investment grade” category
Fnac Darty announces that Scope has upgraded the
Group’s long-term credit rating to BBB with a stable outlook. This
rating enables the Group to consolidate its “Investment grade”
positioning.
This upgrade follows that of Standard &
Poor's on March 22 and is a sign of full recognition of the Group's
financial strength and the robustness of its business model in a
context marked by two years of health crisis.
Fnac Darty is now rated BBB, BB+ and Ba2 by
Scope Ratings, Standard & Poor's and Moody's respectively, all
three with a stable outlook.
Jean-Brieuc Le Tinier, Chief Financial
Officer of Fnac
Darty, declared: " This upgrade
of Fnac Darty's credit rating by the Scope Ratings agency, together
with that of S&P, validates the relevance of the Group's
strategy, as well as its sound financial management thanks to a
long-term maturity profile in line with the cash-flow generation
capacities announced during the Everyday strategic plan. "
CONTACTS
ANALYSTS / INVESTORS |
Stéphanie Laval |
stephanie.laval@fnacdarty.com +33 (0) 1 55 21 52 53 |
Marina Louvard |
marina.louvard@fnacdarty.com +33 (0)1 72 28 17 08 |
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- CP_Augmentation rating Scope_VDEF_VENG
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