Creditreform Rating has updated its unsolicited rating on Kerry Group plc and affirmed it at BBB+. The outlook remains stable.
Despite changing consumer trends globally, the generally uncertain and volatile environment in emerging markets and uncertainties related to the consummated "Brexit", we expect Kerry Group plc to continue its overall stable business performance. Relevant valuation factors include Kerry's dominant market position in its global markets, its strong business model and its highly diversified product range. In addition, the company's forward-looking strategy and innovative strength as well as its solid financial base have a positive impact on our rating assessment.