Moody’s might lower Metro, Metro Finance

Moody's Investors Service said it placed the Baa3 long-term issuer and senior unsecured ratings, provisional Baa3 medium-term note program ratings and Prime-3 (P-3/(P)P-3) short-term ratings of Metro AG and its guaranteed subsidiary Metro Finance BV on review for downgrade.

"Our decision to place Metro's ratings on review for downgrade reflects our view that although the consumer electronics business, CE Group, is expected to be rated Baa3, the wholesale and food service company, MWFS Group, is expected to be rated Ba1 once the demerger has been completed," Sven Reinke, Moody's vice president, senior credit officer and lead analyst for Metro, said in a news release.

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