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Casino Group: Group Casino assigned first time rating by Moody's

GlobeNewswire

GROUP CASINO ASSIGNED FIRST TIME RATING BY MOODY`S

To comply with the rating agency rotation recommended by the European regulatory body,

Casino Group has mandated Moody`s Investors Service (Moody`s) to assess the credit worthiness of the group.

Moody`s assigned today a rating of Ba1 with stable outlook to Casino Guichard Perrachon S.A. and its bond obligations. This new rating is based on the recognition of (i) the group`s unique multi-format retail strategy, (ii) its leading position in Latam representing a source of diversification of its revenue base, and (iii) its key achievements in the E-commerce segment.

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The group cancelled today its agreement with the rating agency Fitch Ratings and requested that Fitch`s credit ratings be withdrawn.

Casino Group remains rated by Standard & Poor`s and the agency confirmed its BB+ rating with stable outlook on 24th April 2017.

ANALYST AND INVESTOR CONTACTS
Régine Gaggioli - Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr

PRESS CONTACTS
Casino Group
Tel.: +33 (0)1 53 65 24 78
Directiondelacommunication@groupe-casino.fr
Stéphanie Abadie, Press relations manager
Tel.: + 33 (0)6 26 27 37 05 - sabadie@groupe-casino.fr
AGENCE IMAGE SEPT
Simon Zaks - Tel: +33 (0)6 60 87 50 29 - szaks@image7.fr
Karine Allouis - Tel: + 33 (0)6 11 59 23 26 - kallouis@image7.fr

Disclaimer

This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.

2017 11 30 - PR - Group Casino assigned first time rating by Moody`s


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Groupe Casino via GlobeNewswire
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