Update regarding our NEU CP rating for FIMALAC SE


This press release relates to ongoing negotiations between Fimalac and Casino, but does not constitute a rating action.

As the credit rating agency that publicly rates the NEU CP programme of Fimalac SE, EthiFinance Ratings has been monitoring the situation regarding French food retailer Casino and the potential investment that Fimalac is willing to make, along with EPGC and Attestor, to take over the group.

Although not disclosed, due to confidentiality regarding ongoing negotiations, Fimalac’s potential investment in Casino was already factored into our rating action dated July 5, 2023 (which was to reaffirm our rating to EF1+). As it stands, the current situation of the offer is in line with EthiFinance Ratings' projections and therefore does not affect our NEU CP rating.

EthiFinance Ratings will continue to monitor the situation, jointly with Fimalac.

Press Contact:

  • Seitosei 
    Olivier Coppermann - olivier.coppermann@seitosei.fr -
  • Thinking Heads 
    Yeray Carretero – ycl@thinkingheads.com - Tel. 699405865 
    Axel Dávila - ads@thinkingheads.com - Tel. 630539011


Thomas Dilasser

CRA Analyst