Rexel decides not to renew its contract with Fitch Ratings
Rexel, a worldwide expert in the professional multichannel distribution of electrical products and services for the energy world, announces that it has decided not to renew its contract with Fitch Ratings upon its expiry on December 31st 2018. The Group will remain rated by Moody’s and Standard and Poor’s.
The decision takes into account Rexel’s deleveraging and is in line with standard market practice, with a majority of corporates rated by two agencies.
Rexel is rated Ba2 with a stable outlook by Moody’s and BB with a stable outlook by S&P.