Research Update: France-Based Rexel Outlook Revised To Positive, 'BB-/B' Ratings Affirmed On Strong Credit Metrics Oct 11
Standard & Poors, October 2011
Abstract
France-based Rexel S.A., a world-leading distributor of electrical supplies, has demonstrated strong credit metrics for its current ratings so far this year. We believe that Rexel can sustain these levels over the next year, even considering an increase in acquisition activity. We are therefore revising our outlook on Rexel to positive from stable, and affirming our 'BB-/B' long- and short-term corporate credit ratings on the group. The positive outlook reflects the possibility of rating upside should Rexel maintain high credit metrics for the current rating. On Oct. 4, 2011, Standard & Poor's Ratings Services revised its outlook on France-based electrical parts distributor Rexel S.A. to positive from stable. At the same time, we affirmed our 'BB-' long-term and 'B' short-term...
Companies mentioned in this report are:
- Rexel S.A.
Action: Affirmed
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
- Rexel S.A.
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