Announcements

    Drinks

      Updated analytical report on Ceconomy AG
      WEDNESDAY, 31/05/2023 - Scope Ratings GmbH
      Download PDF

      Updated analytical report on Ceconomy AG

      Following the recent affirmation of the BBB- issuer rating and the change in Outlook to Negative from Stable, Scope has updated its analytical report on Ceconomy AG.

      On 19 April 2023, Scope affirmed Ceconomy’s issuer rating at BBB-, changed the Outlook to Negative from Stable and affirmed the senior unsecured debt rating at BBB-. Click here for the corresponding rating action release.

      Ceconomy's issuer rating benefits from: i) its position as a leading consumer electronics retailer in Europe; ii) good geographical diversification across 11 countries; and iii) the strong financial risk profile with debt protection historically at well above 10x.

      Negative rating factors include the company’s low profitability compared to peers, which is also expected to be under further pressure from inflation and lower demand.

      This monitoring note does not constitute a rating action, nor does it indicate the likelihood of a credit rating action in the short term. The latest information on the credit ratings in this monitoring note along with the associated rating history can be found on www.scoperatings.com.

      The report can be downloaded here

      Related news

      Show all
      Scope upgrades the issuer rating of Norwegian utility Hafslund to A with a Stable Outlook

      4/6/2025 Rating announcement

      Scope upgrades the issuer rating of Norwegian utility ...

      Scope publishes final rating methodology on Pharmaceutical Companies

      4/6/2025 Research

      Scope publishes final rating methodology on Pharmaceutical ...

      Scope affirms A-/Stable issuer rating on TOMRA Systems ASA

      3/6/2025 Rating announcement

      Scope affirms A-/Stable issuer rating on TOMRA Systems ASA

      Scope publishes analytical report on Å Energi

      3/6/2025 Monitoring note

      Scope publishes analytical report on Å Energi

      Scope publishes final rating methodology for European Real Estate Rating Methodology

      2/6/2025 Research

      Scope publishes final rating methodology for European Real ...

      Scope affirms BB- issuer rating on Hungarian biofuel producer Pannonia Bio; assigns Stable Outlook

      28/5/2025 Rating announcement

      Scope affirms BB- issuer rating on Hungarian biofuel producer ...