Auchan: Standard & Poor’s lowers rating of the group – 20minutes.fr

Auchan reconfigures its governance, including France, to gain flexibility and in speed – Remy Gabalda AFP

TRADE for the rating agency, hypermarkets of the brand northerner encounter problems of profitability and competitiveness …

the US rating agency Standard and Poor’s has revised the decline of the note by the Auchan retail group last Friday, making the switch from “A-” to “BBB +”.

It is “weak operations in France and Eastern Europe west “which would have brought the body to make this decision, explained Standard & amp; Poor’s, also citing the difficulties of the hypermarkets of the Mulliez family to enhance their profitability and remain competitive.

As noted by France 3 Nord Pas-de-Calais, Auchan and Banque Accord, a group subsidiaries so are now considered by the rating agency as medium quality issuers but able to meet their obligations appropriately.

Remember, the figures released in March showed that if the good results of Auchan Drive had helped limit the losses of the Yankee group, hypermarket sales of the brand had indeed fallen by 2.8% in 2015.

Keywords:

• Share this article

• Follow 20minutes