EL CORTE INGLES SA


Type of ratings: Corporate

Rating value: BB+

Outlook: No Trend

License: EthiFinance Ratings

Solicited

Ethifinance Rating affirms El Corte Inglés' "BB+" rating, changing its outlook from Negative to Stable. El Corte Inglés is a Spanish group dedicated to the retail sale of consumer goods, focused on Spain primarily, as well as the provision of different types of services, including Travel Agents, Insurance and Finance. In 2020, the group reached a turnover of € 10,432.0M and an adjusted EBITDA of € 66.9M (EBITDA margin 0.6%).

Ratings

Rating action: Withdrawal

The credit rating has been withdrawn due to a client's request.

Action date: 2022-11-10

Date last rating: 2022-08-15

Date first rating: 2018-09-25

Documents

Executive summary:

Methodologies

Return to the rating page