Fnac Darty: S&P upgrades long-term credit rating
(CercleFinance.com) - Fnac Darty announces that the rating agency Standard & Poor's (S&P) has upgraded its long-term credit rating for the Group to BB+.
Fnac Darty now has BBB-, BB + and Ba2 ratings from Scope Ratings, Standard & Poor's and Moody's respectively, all of which are with stable outlooks.
Enrique Martinez, Fnac Darty's chairman and CEO, said, "In a retail sector facing profound changes, we are proud of S&P's confidence in our ability to achieve our strategic ambitions. Our teams are committed to the continuing roll-out of our Confiance+ strategic plan, in order to further strengthen our operational and financial profile."
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