• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
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

  • Published: 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 READ MORE >

- Kering S.A.
- PPR Finance

Note: Product cover images may vary from those shown

RELATED PRODUCTS