Groupe Casino Assigned First Time Rating By Moody's
French retailer Groupe Casino has mandated Moody's Investors Service to asses the credit worthiness of the group, and has received a rating of Ba1, with a stable outlook.
Moody's says that the new rating is based on the group's multi-format retail strategy, its position in Latin America, and its achievements in the e-commerce segment.
"Casino's Ba1 CFR reflects its strong positions in France and Latin America as well as the successful repositioning of its store portfolio," said Vincent Gusdorf, a Moody's vice president, senior analyst and lead analyst for Casino.
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