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Moody's withdraws Ceconomy's ratings for business reasons

Moody's Investors Service (Moody's) has today withdrawn the B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) of CECONOMY AG (Ceconomy or the company). Moody's has also withdrawn the B2 rating on Ceconomy's senior unsecured notes due 2026 and the NP rating of the company...

CECONOMY AG - December 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CECONOMY AG: Update following downgrade to B1, outlook stable

Our credit view of Ceconomy reflects its weak profitability and limited free cash flow, mitigated by its large scale and adequate liquidity.

Moody's downgrades Ceconomy's CFR to B1; Outlook stable

Moody's Investors Service ("Moody's") has today downgraded to B1 from Ba3 the corporate family rating (CFR) of CECONOMY AG ("Ceconomy" or "the company") and its probability of default rating (PDR) to B1-PD from Ba3-PD. Concurrently Moody's has downgraded Ceconomy's senior unsecured notes to B2 from ...

CECONOMY AG - September 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CECONOMY AG: Update following downgrade to Ba3, on review for downgrad...

Our credit view of Ceconomy reflects its weak margins and limited free cash flow, which are unlikely to improve significantly in the deteriorating macroeconomic environment in Europe.

Moody's downgrades Ceconomy to Ba3; continuing review for further down...

Moody's Investors Service ("Moody's") has today downgraded to Ba3 from Ba2 the corporate family rating (CFR) of CECONOMY AG ("Ceconomy" or "the company")  and its probability of default rating (PDR) to Ba3-PD from Ba2-PD. Moody's has also downgraded Ceconomy's senior unsecured notes to B1 from Ba3. ...

CECONOMY AG: Update following downgrade to Ba2, on review for downgrad...

Our credit view of Ceconomy reflects intense competition and weak profitability.

Moody's downgrades Ceconomy to Ba2; ratings placed on review for downg...

Moody's Investors Service ("Moody's") downgraded CECONOMY AG's ("Ceconomy" or "the company") corporate family rating (CFR) to Ba2 from Ba1 and its probability of default rating (PDR) to Ba2-PD from Ba1-PD. Concurrently Moody's has downgraded Ceconomy's senior unsecured notes to Ba3 from Ba1. Moody's...

CECONOMY AG - June 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CECONOMY AG: Key facts and statistics - H1 March 2022

A summary company profile, detailing Ceconomy AG’s business operations and financial highlights.

CECONOMY AG - March 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

CECONOMY AG - December 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

CECONOMY AG: Annual update

Our credit view of CECONOMY AG reflects its low funded debt and short lease commitments, against its limited scope for revenue growth and thin profit margins.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CECONOMY AG. Global Credit Research- 23 Feb 2022. Paris, February 23, 2022-- Moody's Investors Service has completed a periodic review of the ratings of CECONOMY AG and other ratings that are associated with the same analytical unit.

CECONOMY AG - September 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CECONOMY AG - June 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

CECONOMY AG: Key Facts and Statistics - LTM March 2021

A summary company profile, detailing Ceconomy AG’s business operations and financial highlights.

CECONOMY AG: Covenant Quality Pre-Sale Snapshot: €500m _% Senior Notes...

Ceconomy AG’s senior unsecured notes use a largely European-style investment grade package.

Moody's assigns Ba1 rating to CECONOMY's proposed bond issuance

Rating Action: Moody's assigns Ba1 rating to CECONOMY's proposed bond issuance. Global Credit Research- 18 Jun 2021. Paris, June 18, 2021-- Moody's Investors Service assigned a Ba1 rating to CECONOMY AG's first-time issuance of E500 million senior unsecured notes due in 2026. The proposed notes will be senior unsecured obligation of Ceconomy.

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