- Language: English
- Published: July 2012
- Region: Germany
Germany-Based Hornbach Holding, Baumarkt Outlooks Revised To Positive On Improved Debt Protection; 'BB' Ratings Affirmed
- Published: February 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Recent trading results in tough economic conditions point to the ability of Germany based home-improvement retailer Hornbach Holding AG and its main operating subsidiary Hornbach-Baumarkt-AG to maintain a resilient operating performance. We are revising the outlook on both Hornbach Holding and Hornbach-Baumarkt to positive from stable, and affirming our 'BB' corporate credit ratings on both entities. The positive outlook reflects our view that Hornbach-Baumarkt will be able to increase its market share despite a potential slowdown in consumer demand in 2011. LONDON (Standard & Poor's) Feb. 4, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on Germany-based home improvement retailer Hornbach Holding AG (Hornbach, or the group) and its main operating subsidiary Hornbach-Baumarkt-AG (Baumarkt) to positive...
Companies mentioned in this report are: Hornbach Holding AG,Hornbach-Baumarkt-AG
Action: Outlook: Positive
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Hornbach Holding AG,Hornbach-Baumarkt-AG