Moodys Raises Elis’ Credit Rating from Ba2 to Ba1 | Photo credits: Elis
PARIS (Agefi-Dow Jones)–Moody’s Investors Service on Tuesday raised the credit rating of industrial laundry group Elis from “Ba2” to “Ba1”, with a stable outlook. The rating agency expects the recovery in the hotel and restaurant market to continue. Additionally, Moody’s points to Elis’ significant ability to offset cost inflation. The Elis share gained 0.7%, to 10.71 euros. ([email protected]) ed:
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September 27, 2022 08:35 ET (12:35 GMT)