Creditreform Rating has confirmed the unsolicited corporate issuer rating of Pernod Ricard S.A., as well as the unsolicited corporate issue rating of the euro-denominated, long-term senior unsecured Notes issued by Pernod Ricard S.A., at BBB. The outlook has been revised from positive to stable. Decisive for the adjustment of the outlook are the negative effects of the COVID-19 pandemic, which have led to a significant decline in sales and earnings, a significant increase in (net) financial debt, and thus a noticeable deterioration in the results of the key financial figure analysis for the 2019/2020 financial year. Although the qualitative and quantitative fundamentals of the company remain solid overall, we see no prospect of a rating improvement for the year as a whole against the background of the COVID-19 pandemic, which continues to develop dynamically, and the associated uncertainties and volatilities with regard to further business development.
Creditreform Rating confirmed the unsolicited corporate issuer rating of Pernod Ricard S.A. with BBB. The outlook is positiv.
Creditreform Rating has carried out an unsolicited corporate rating of Pernod Ricard S.A.