S&P gives Akropolis BB+

S&P said it assigned a BB+ ratings to Akropolis Group UAB and its senior unsecured debt.

“The company is a core subsidiary of Vilniaus Prekyba UAB group, whose main core subsidiary is Maxima Grupe UAB (Maxima), and we view Akropolis as integral to VP's strategy, with the parent likely providing support in case of need,” S&P said in a press release.

The BB+ rating is in line with the ratings for Vilniaus Prekyba and Maxima, S&P said.

The outlook is negative, reflecting the outlook of Maxima, the agency said.

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