S&P: Ahold Koninklijke unchanged

Standard & Poor's said that the ratings and outlook on Ahold Koninklijke NV (BB+/stable/B) are not affected by the group's recently unveiled disposal strategy.

The plan is favorable to the group's creditworthiness, the agency noted, adding that it believes that the disposal of the U.S. Foodservice division will have a limited impact on the group's business risk profile, while selling selected loss-making retail banners will be beneficial.

The commitment to dedicate €2 billion to debt reduction will also strengthen Ahold's financial risk profile, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.