Elior: Moody’s raised its rating, positive outlook. – L’Express

Moody’s Investors Service announced that statement ‘Ba3′ to ‘Ba2′ its rating on the entire group (CFR) for Elior, with a prospect ‘positive’.

The rating agency – which states that its decision is concluding a review process started last June – justifies its recovery, among others, by improving the operational performance of the catering group and rise of his generation of ‘cash flow’ (cash flow).

‘Consequently, we expect that the’ leverage ‘(debt ratio) falls below the threshold 4x by the end of the tax fiscal year ending end September 2015 ‘, says Moody’s.

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