Creditreform Rating has affirmed the unsolicited corporate issuer rating of Kerry Group plc as well as the unsolicited corporate issuer rating of Kerry Group Financial Services at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Kerry Group Financial Services at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings changed to stable from Watch UNW. For more details regarding the ratings, please refer to our rating update report below.
Creditreform Rating has set the unsolicited corporate issuer and issue ratings of BBB+ of Kerry Group plc and of the EUR-denominated long-term senior unsecured issues of Kerry Group plc on Watch UNW. The debt securities are included in the ECB's list of eligible marketable assets, which is available on the European Central Bank's website. An outlook is not applicable. For further details on the ratings, please refer to the press release below.
Creditreform Rating has updated its unsolicited rating on Kerry Group plc and affirmed it at BBB+. The outlook remains stable.
Despite changing consumer trends globally, the generally uncertain and volatile environment in emerging markets and uncertainties related to the consummated "Brexit", we expect Kerry Group plc to continue its overall stable business performance. Relevant valuation factors include Kerry's dominant market position in its global markets, its strong business model and its highly diversified product range. In addition, the company's forward-looking strategy and innovative strength as well as its solid financial base have a positive impact on our rating assessment.
Creditreform Rating has updated the unsolicited rating on Kerry Group plc and set it at BBB+. The outlook is stable.
Creditreform Rating has carried out an unsolicited rating of Kerry Group plc. The rating has been set to BBB+ with stable outlook.