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European rating agency. Objective, transparent, independent.

Danone S.A.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB+ Outlook STA 07.05.2021 11.05.2021
BBB+ Outlook STA 05.03.2020 12.03.2020
BBB+ Outlook STA 29.03.2017 05.04.2017

News

  • 11.05.2021
    Creditreform Rating confirmed the BBB+ unsolicited corporate issuer rating of Danone S.A. The outlook remains stable. The current rating of BBB+ attests Danone S.A. a highly satisfactory level of creditworthiness, which represents a low to medium default risk. Significant for the confirmation of the rating and outlook are the Company´s strong market position in the relevant markets, its regional and product diversification, as well as the overal result of the financial key figure analysis for the 2020 financial year, which despite the pandemic related decline in sales and earnings remained stable. The Company´s adequate financial position, in conjunction with established access to capital markets, also has a stabilizing effect.
  • 12.03.2020
    Creditreform Rating confirmed the BBB+ unsolicited corporate issuer rating of Danone S.A. The outlook remains stable. The current rating of BBB+ attests Danone S.A. a highly satisfactory level of creditworthiness, which represents a low to medium default risk. Relevant rating aspects are the leading market position of the Company as well as its product diversification and global presence. Additionally, the forward-looking strategy and innovative capacity of Danone, particularly in plant-based food and in health products, as well as its solid financial base, have a positive impact on our rating assessment. We also see Danone´s declared commitment to financial discipline and controlled investments as positive. Risk factors comprise fierce competition and significant innovation pressure requiring high investments and intensive R&D, as well as the overall inflationary prices of raw materials. The business development could be impaired by negative exogenous factors (such as adverse effects from the coronavirus) as well as by changes in regulation. Climate-related actions bear intrinsic significant costs, which puts additional pressure on the Company´s financials.
  • 05.04.2017
    Creditreform Rating has carried out an unsolicited corporate rating of Danone S.A.