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Summary: Metro AG Oct 08
Standard & Poors, October 2008
The ratings on Germany-based diversified retailer Metro AG reflect its leading positions in cash-and-carry (C&C) and consumer electronics retailing in Europe. Offsetting these positive factors are Metro's substantial exposure to the competitive German retail market, and the group's financial risk profile, which Standard & Poor's Ratings Services assesses as intermediate. On Dec. 31, 2007, the company reported financial debt totaling -7.7 billion ($11.4 billion). With group sales of -64.3 billion in 2007, Metro is Germany's leading retailer and has both food and nonfood operations. The C&C division, which enjoys a world-leading position and unparalleled international presence, is the backbone of the group. In 2007, C&C accounted for 59% of EBIT, ahead of electronics retailing banner MMS (29%). The other businesses...
Companies mentioned in this report are: Metro AG
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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.