Elis S.A.: Rating Report
On 16 March 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its BBB (low) Issuer Rating of Elis S.A. (Elis). The trend remains Stable. The rating confirmation reflects DBRS Morningstar’s view that Elis' ability to withstand the unprecedented Coronavirus Disease (COVID19) disruptions and the relative stability of the business support the current rating, despite deterioration in credit metrics.Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
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