Announcements

    Drinks

      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS1987729768
      Coupon percent
      2.62%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      350,000,000
      Maturity date
      30/05/2026
      -
      BBB Outlook: None
      BBB Outlook: None
      Latest change
      Affirmed
      23/02/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Claudia Aquino Lead analyst
      Philipp Wass Committee chair
      Scope affirms Fnac Darty S.A.’s issuer rating at BBB and revises the Outlook to Stable from Negative

      23/2/2024 Rating announcement EN

      Scope affirms Fnac Darty S.A.’s issuer rating at BBB and revises the Outlook to Stable from Negative

      The Outlook change reflects Scope’s expectation that leverage will reduce to below 2x in 2024, driven by the strict cost control programme, which is helping to maintain operating margins.

      Scope affirms Fnac Darty’s issuer rating of BBB and revises Outlook to Negative from Stable

      4/4/2023 Rating announcement EN

      Scope affirms Fnac Darty’s issuer rating of BBB and revises Outlook to Negative from Stable

      The Outlook change reflects expectations that leverage will remain high, driven by pressure on EBITDA. The issuer rating continues to benefit from a strong market position and a good financial risk profile.

      Scope upgrades Fnac Darty’s issuer rating to BBB/Stable from BBB-/Stable

      1/4/2022 Rating announcement EN

      Scope upgrades Fnac Darty’s issuer rating to BBB/Stable from BBB-/Stable

      The rating upgrade is driven by the improved profitability and credit metrics as Covid-linked operational risks continue to wane.

      Scope confirms Fnac Darty’s rating at BBB-

      6/5/2021 Rating announcement EN

      Scope confirms Fnac Darty’s rating at BBB-

      The rating action is supported by the resilience of the group’s business and financial risk profiles.

      Scope maintains BBB- rating on Fnac Darty under review for possible downgrade

      3/11/2020 Rating announcement EN

      Scope maintains BBB- rating on Fnac Darty under review for possible downgrade

      The rating action reflects the less severe than expected impact of the pandemic in the first nine months of the year but incorporates uncertainties linked to Q4 2020.

      Scope places Fnac Darty's BBB- rating under review for possible downgrade

      11/5/2020 Rating announcement EN

      Scope places Fnac Darty's BBB- rating under review for possible downgrade

      The rating action reflects the important reduction in consumer electronics retail activity that is likely in 2020 as a result of the Covid-19 pandemic.

      Scope affirms Fnac Darty at BBB-, with a Stable Outlook

      13/12/2019 Rating announcement EN

      Scope affirms Fnac Darty at BBB-, with a Stable Outlook

      The rating is mainly driven by the company's high market share in France and robust financial risk profile. The limited international exposure is a rating constraint.

      Scope Ratings assigns initial issuer rating of BBB- to Fnac Darty, S.A., Stable Outlook

      18/2/2019 Rating announcement EN

      Scope Ratings assigns initial issuer rating of BBB- to Fnac Darty, S.A., Stable Outlook

      The rating is supported by the retailer's strong market position in France, fast transition to omni-channels, and low overall leverage. The dominant exposure to France is a rating constraint.

      Date Title