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Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Marcolin S.p.A. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 30 April 2025 in which we reassessed the appropriateness of the ratings in the context of t...

Marcolin S.p.A.: Update following ratings upgrade to B2

Our credit view of this issuer reflects its strong brand and its strong product and geographical diversification.

Moody's Ratings upgrades Marcolin to B2 from B3; outlook stable

Moody's Ratings (Moody's) has today upgraded to B2 from B3 the long-term corporate family rating (CFR) of the Italian eyeglass manufacturer Marcolin S.p.A. (Marcolin, the company). Concurrently, Moody's has upgraded to B2-PD from B3-PD the probability of default rating (PDR) and to B2 from B3 the in...

Marcolin S.p.A.: Update to credit analysis

Our credit view of Marcolin reflects its presence in the high-margin luxury segment and its strong product and geographical diversification, offset by its modest scale and high leverage.

Marcolin S.p.A.: Marcolin's extension of Tom Ford's eyewear license re...

The extension of Tom Ford's eyewear license is marginally credit negative as it removes renewal risk but reduces financial flexibility in an increasingly challenging operating environment.

Marcolin S.p.A.: Update following outlook change stable

Our credit view of Marcolin reflects its high leverage, against its strong product and geographical diversification.

Moody's changes Marcolin's outlook to stable

Moody's Investors Service ("Moody's") has today changed to stable from negative the outlook on the ratings of Italian eyeglass manufacturer Marcolin S.p.A. ("Marcolin", "the company" or "the group"). Concurrently, Moody's has affirmed the company's B3 corporate family rating (CFR), B3-PD probabili...

Marcolin S.p.A.: Disposal of stake in Thélios increases financial flex...

The disposal of the minority stake will provide €128 million of net cash proceeds that, if applied to reduce leverage, would restore a more sustainable capital structure

Marcolin S.p.A.: Update following affirmation at B3 after refinancing,...

Our credit view of Marcolin S.p.A., reflecting its strong product and geographical diversification, constrained by its modest scale and high financial leverage following the refinancing.

Marcolin S.p.A.: Covenant Quality Pre-Sale Snapshot: €350m _% Senior S...

Marcolin S.p.A.’s covenant package provides upper-tier weak protection (3.51).

Moody's affirms Marcolin's B3 ratings following refinancing; outlook n...

Rating Action: Moody's affirms Marcolin's B3 ratings following refinancing; outlook negative. Global Credit Research- 18 May 2021. Milan, May 18, 2021-- Moody's Investors Service has today affirmed the B3 corporate family rating and the B3-PD probability of default rating of Italian eyeglass manufacturer Marcolin S.p.A..

Marcolin S.p.A.: Covenant Quality Pre-Sale Snapshot: €350m _% Senior S...

Marcolin S.p.A.’s covenant package provides upper-tier weak protection (3.51).

Moody's announces completion of a periodic review of ratings of Marcol...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Marcolin S.p.A. Global Credit Research- 12 Apr 2021. Milan, April 12, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Marcolin S.p.A. and other ratings that are associated with the same analytical unit.

Marcolin S.p.A.: Update to credit analysis

Our credit view of Marcolin, reflecting the risk of its capital structure remaining stretched in case of a weak recovery, offset by its adequate liquidity.

Marcolin S.p.A.: New financing is credit positive

The new financing strengthens Marcolin's liquidity providing a sufficient buffer to accommodate the expected cash burn for the next 12 months

Marcolin S.p.A.: Update following confirmation of B3 rating; outlook n...

Our credit view of Marcolin, reflecting new cash injections, which provide enough liquidity, offset by the risk of its capital structure remaining stretched in case of a weak recovery.

Moody's confirms Marcolin's B3 rating; negative outlook

Rating Action: Moody's confirms Marcolin's B3 rating; negative outlook. Global Credit Research- 09 Jun 2020. Milan, June 09, 2020-- Moody's Investors Service, has today confirmed the B3 corporate family rating and the B3-PD probability of default rating of Italian eyeglass manufacturer Marcolin S.p.A..

Moody's announces completion of a periodic review of ratings of Marcol...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Marcolin S.p.A. Global Credit Research- 19 May 2020. Milan, May 19, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Marcolin S.p.A. and other ratings that are associated with the same analytical unit.

Marcolin S.p.A.: Update following downgrade to B3 and placement of rat...

Our credit view of Marcolin S.p.A., reflecting the risk that the coronavirus outbreak will strain the company's liquidity and impair its earnings and cash generation capacity in 2020.

Moody's downgrades Marcolin to B3 and places ratings on review for dow...

Rating Action: Moody's downgrades Marcolin to B3 and places ratings on review for downgrade. Global Credit Research- 31 Mar 2020. Milan, March 31, 2020-- Moody's Investors Service, has today downgraded to B3 from B2 the corporate family rating and to B3-PD from B2-PD the probability of default rating of Italian eyeglass manufacturer Marcolin S.p.A. and concurrently placed the ratings on review for downgrade.

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