Announcements

    Drinks

      -
      S-2 Outlook:
      S-2
      Latest change
      Review
      30/07/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Claudia Aquino Lead analyst
      Philipp Wass Committee chair
      Scope places BBB issuer rating of Fnac Darty S.A. under review

      30/7/2024 Rating announcement EN

      Scope places BBB issuer rating of Fnac Darty S.A. under review

      The rating action follows Fnac Darty’s announced intention to acquire Italy’s Unieuro for around EUR 249m, which could improve the issuer’s business risk profile at the cost of higher leverage.

      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.

      Date Title