Elis: S&P upgrades outlook
(CercleFinance.com) - Industrial laundry services provider Elis announced late last week that S&P Global Ratings had improved the outlook associated with its "BB+" long-term rating on the group from "stable" to "positive".
"Elis entered 2023 on a stronger footing, thanks to contractual price increases and hedging of energy costs, which should support continued solid revenue growth and an improvement in operating margins," the US agency explained.
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"Elis entered 2023 on a stronger footing, thanks to contractual price increases and hedging of energy costs, which should support continued solid revenue growth and an improvement in operating margins," the US agency explained.
Copyright (c) 2023 CercleFinance.com. All rights reserved.