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Groupe Casino Assigned First Time Rating By Moody's

Published on Dec 1 2017 11:20 AM in Retail tagged: Trending Posts / Groupe Casino / Moody's / French retail

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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