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French Retail Group PPR Outlook Revised To Positive On Improving Financial Metrics; 'BBB-/A-3' Ratings Affirmed Apr 11 Product Image

French Retail Group PPR Outlook Revised To Positive On Improving Financial Metrics; 'BBB-/A-3' Ratings Affirmed Apr 11

  • ID: 2054376
  • April 2011
  • Region: France
  • Standard & Poors

Abstract
French retailer PPR reported solid operating performance and enhanced financial measures in 2010. PPR's credit measures had improved at year-end 2010 and we expect them to strengthen further in 2011. We are affirming our 'BBB-/A-3' corporate credit ratings on PPR and revising the outlook to positive from stable. The positive outlook reflects the possibility of an upgrade if the group maintains a resilient performance as well as a moderate financial policy in the future. PARIS (Standard & Poor's) April 8, 2011--Standard & Poor's Ratings Services said today that it has revised to positive from stable its outlook on French diversified and luxury-goods manufacturer and retailer PPR S.A., reflecting PPR's solid operating performances as well as the continuous improvement of its...

Companies mentioned in this report are:
- Kering S.A.
- PPR Finance

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.

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.

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