Rating rationale EthiFinance Ratings has analysed the credit profile of ITM Entreprises in order to assign its short-term rating. The outcome is an SR2 short-term rating. Credit profile Les Mousquetaires is the third-largest food retail group in France. It operates a franchisee business model, with the group in charge of [...]

Lyon, June 28, 2022 – Credit rating agency EthiFinance Ratings (formerly Qivalio) has reaffirmed its long-term corporate rating for Sofiproteol SA and its NEU MTN program for up to €75m, at A-. Meanwhile, EthiFinance Ratings has also reaffirmed its SR1 short-term rating on the €300m NEU CP program of the [...]

Rating rationale EthiFinance Ratings has analyzed the credit prole of Sodexo in order to assess its short-term rating. The outcome is an SR1 short-term rating, the second-highest grade in EthiFinance Ratings’ rating scale. Credit profile Our SR1 rating continues to reflect Sodexo’s large scale, global market presence, and the benets [...]

Rating rationale EthiFinance Ratings has analysed the credit profile of Verallia in order to review its short-term rating. The outcome is SR2, the third-highest grade in EthiFinance Ratings’ rating scale. Credit profile Based in Paris, France, Verallia is the world’s No. 3 manufacturer of glass packaging. The group produces a [...]

Lyon, April 12, 2022 – Credit rating agency EthiFinance Ratings (Qivalio) has placed its short-term corporate rating for Sodiaal under review for potential downgrade. As a dairy company, Sodiaal is highly exposed to the increase in its raw materials prices (agricultural raw materials and energy). The financial situation of the [...]