Corporate
Outlook: Stable
Action date: 08/15/2022
Rating action: Affirmed

EL CORTE INGLES SA

Ethifinance Rating affirms El Corte Inglés' "BB+" rating, changing its outlook from Negative to Stable. El Corte Inglés is a Spanish group dedicated to the retail sale of consumer goods, focused on Spain primarily, as well as the provision of different types of services, including Travel Agents, Insurance and Finance. In 2020, the group reached a turnover of € 10,432.0M and an adjusted EBITDA of € 66.9M (EBITDA margin 0.6%).

Rating

Solicited
Date last rating: 08/15/2022
Date first rating: 09/25/2018