Elis Receives Investment-Grade Credit Rating
Moody’s has upgraded Elis to an investment-grade credit rating of “Baa3”
Elis recently announced an exciting development: Moody’s rating agency has elevated the company’s long-term credit rating to Baa3, accompanied by a stable outlook. This adjustment also includes an upgrade of the Group’s EMTN issuances, moving from Ba1 to Baa3.
This recognition underscores the robust financial stability and strategic business model that Elis employs to foster profitable growth within the circular services industry.
Current Financial Ratings of Elis
The financial landscape for Elis has gained significant strength as indicated by various rating agencies:
- BBB- credit rating with a stable outlook from S&P Global Ratings.
- Baa3 credit rating with a stable outlook from Moody’s.
- BBB credit rating with a stable outlook from DBRS.
Comments from the Leadership
Xavier Martiré, Chairman of the Management Board of Elis, expressed his satisfaction with the upgrade from Moody’s, saying: “The investment-grade Baa3 rating is a testament to the Group’s financial strength and its capacity to enhance margins and accelerate cash generation. With this rating, the Group is now acknowledged as investment-grade by all monitoring agencies. Moving forward, we will maintain our financial policies focused on preserving this rating while promoting our strategy for profitable growth and creating value for our shareholders.”
About Elis and Its Innovative Approach
As a leader in providing circular services, Elis leverages a rental-maintenance model that is enhanced by advanced traceability technologies. The company is dedicated to meeting the diverse needs of its customers across its operations in 30 countries, focusing on protection, hygiene, and well-being. Moreover, Elis partners with its customers to help them meet their environmental objectives.
Through its unique operational expertise and emphasis on organic growth, Elis consistently creates sustainable value for shareholders, clients, employees, and the environment.
Contact Information
For additional information, please reach out to:
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: + 33 (0)1 75 49 98 30
Email: nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15
Email: charline.lefaucheux@elis.com
Frequently Asked Questions
1. What rating did Moody's give Elis?
Moody's upgraded Elis to an investment-grade rating of Baa3.
2. How does Elis' upgrade impact its financial status?
The upgrade highlights Elis' strong financial position and sets a positive outlook for future growth.
3. What are the other credit ratings for Elis?
Elis also holds ratings of BBB- from S&P Global Ratings and BBB from DBRS, all with stable outlooks.
4. Who commented on the rating upgrade?
Xavier Martiré, Chairman of the Management Board, expressed his approval of the recognition from Moody's.
5. What is the business focus of Elis?
Elis specializes in circular services, emphasizing sustainability, hygiene, and customer protection across multiple countries.
