Announcements

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      Instrument data
      Issuer
      CECONOMY AG
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS2854329104
      Coupon percent
      6.25%
      Coupon type
      Fixed
      Instrument volume
      500,000,000
      Maturity date
      15/07/2029
      -
      BBB- Outlook: None
      BBB- Outlook: None
      Latest change
      Affirmed
      01/04/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Claudia Aquino Lead analyst
      Philipp Wass Committee chair
      Scope affirms German retailer Ceconomy’s BBB-/Stable issuer rating

      1/4/2025 Rating announcement EN

      Scope affirms German retailer Ceconomy’s BBB-/Stable issuer rating

      The affirmation is driven by moderate EBITDA growth, despite persisting macro-economic headwinds, supporting stable leverage and positive free operating cash flow.

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      Scope affirms Ceconomy’s BBB- issuer rating and changes the Outlook to Stable from Negative

      4/4/2024 Rating announcement EN

      Scope affirms Ceconomy’s BBB- issuer rating and changes the Outlook to Stable from Negative

      The change in Outlook reflects Ceconomy’s improved leverage driven by the successful implementation of cost-saving measures and resilient operating performance despite challenging market conditions.

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      Date Title