S&P Global Ratings upgrades Elis to an Investment Grade credit BBB- rating
17 Novembre 2023 - 7:00AM
S&P Global Ratings upgrades Elis to an Investment Grade credit
BBB- rating
S&P Global Ratings upgrades
Elis to an Investment Grade credit BBB-
rating
Saint-Cloud, 17 November 2023 –
Elis announces that the ratings agency S&P Global Ratings
(S&P) upgraded the Group’s long-term credit rating to BBB- with
a stable outlook. The rating of the Group’s EMTN issuances is also
upgraded from BB+ to BBB-.
This upgrade to Investment Grade rating reflects
the financial strength of the Group, its prospects for margin
improvement, acceleration of cash generation and further
deleveraging. It also rewards the robustness of Elis’ business
model, which was largely demonstrated during the pandemic.
Xavier Martiré, Chairman of the
Management Board of Elis, said: “I
welcome this rating upgrade from S&P. This decision rewards the
Group’s many operational achievements and reflects S&P’s
confidence in Elis’ financial strength and strategy. The Group will
seek to maintain a financial policy that is aligned with the
Investment Grade category, while pursuing its profitable growth
strategy and maintaining a constant focus on value creation for its
shareholders.”
As of today, Elis is rated BBB- by S&P with
a stable outlook, Ba1 by Moody’s with positive outlook,
and BBB (low) by DBRS with a positive outlook.
About Elis
As the leader in circular services, thanks to a
rental-maintenance model optimized by traceability technologies,
Elis innovates every day. In its 29 countries, Elis meets the needs
of its customers in terms of protection, hygiene, and well-being,
while accompanying them in achieving their environmental
objectives. With a unique operational know-how and a profitable
organic growth profile, Elis creates sustainable value for its
shareholders, customers, employees, and the environment.
https://fr.elis.com/en
Contact
Nicolas BuronDirector of Investor Relations,
Financing & TreasuryPhone: +33 1 75 49 98 30 –
nicolas.buron@elis.com
- 20231117 - S&P Global Ratings upgrades Elis to an
Investment Grade credit BBB- rating
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