- Language: English
- Published: June 2012
Summary: Metro AG Feb 03
- ID: 1871029
- February 2003
- Standard & Poors
The ratings on Metro AG reflect its dominant pan-European positions in cash-and-carry and its leading positions in consumer electronics retailing in Europe and hypermarkets in Germany. These positive factors are offset by Metro's substantial exposure to the depressed and competitive German market, despite the extensive internationalization of its cash-and-carry business, and its moderate financial profile. Cash-and-carry (51% of Metro's consolidated EBITDA in the first nine months of 2002) is the group's most geographically widespread business with 77% of sales generated abroad, primarily in Europe. The division boasts leading positions, often far outstripping the competition, in most countries it operates in. The group is also Europe's largest consumer electronics retailer (19% of consolidated EBITDA in the first nine months of 2002),...
Companies mentioned in this report are:
- Metro AG
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >