Moody's Upgrades Avolta's Credit Rating to Ba2, Predicts Stable Outlook

• Avolta AG's credit rating was upgraded from Ba3 to Ba2 with a Stable Outlook by Moody's - The upgrade was due to the successful business combination with Autogrill in 2023, strong financial performance in 2023, balanced capital allocation policy, and solid trading environment in 2024 - Moody's highlighted Avolta's strong organic revenue growth and improved profitability in 2023 - The combination with Autogrill was seen as credit-enhancing by Moody's due to increased scale, product, and channel diversification - Avolta's liquidity was viewed as good by Moody's, with expectations of ongoing organic revenue and EBITDA growth - Avolta's CFO, Yves Gerster, expressed satisfaction with the rating upgrade and attributed it to the company's strong performance and transformative business strategies

The next important date, Quarterly report, at Dufry is on 16.05.2024.

Dufry

-2,08 %

-7,66 %

-0,66 %

-4,04 %

-21,43 %

-26,91 %

-50,39 %

-29,37 %

ISIN:CH0023405456WKN:A0HMLM

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