FNAC DARTY Ivry, March 12, 2019 |
S&P raises its rating for Fnac Darty to BB+
Fnac Darty announces that Standard & Poor's (S&P) has raised the Group's long-term credit rating to BB+.
This upgrade recognizes the strength of the Group's operational performance and a well-managed financial policy.
Fnac Darty now benefits from BBB-, BB+ and Ba2 ratings, assigned respectively by Scope Ratings, Standard & Poor's and Moody's, all with a stable outlook.
Enrique Martinez, Chief Executive Officer of Fnac Darty, stated:
"The Group's credit rating upgrade reflects the relevance of our multi-channel specialist model, benefiting from the combination of two iconic brands and a successful operational integration.
In a retail sector facing profound changes, we are proud of S&P's confidence in our ability to achieve our strategic ambitions. Our teams are committed to the continuing roll-out of our Confiance+ strategic plan, in order to further strengthen our operational and financial profile."
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CONTACTS
| ANALYSTS / INVESTORS | Stéphanie Constand | stephanie.constand@fnacdarty.com +33 (0)1 55 21 18 63 |
| Adrien Brangier | adrien.brangier@fnacdarty.com +33 (0)1 55 21 84 41 | |
| PRESS | Audrey Bouchard | audrey.bouchard@fnacdarty.com +33 (0)1 55 21 59 25 |
| Claire Fournon | claire.fournon@fnacdarty.com +33 (0)1 55 21 57 10 |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Fnac Darty via Globenewswire
