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
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: Outlook: Positive
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Research type: News
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