Moody’s changes Selecta's outlook to positive from stable

Cham, 15. April 2024. Selecta Group, a Swiss-based Foodtech leader with a world-class distribution network in Europe, announces Moody’s Ratings affirmation of its Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR). At the same time, Moody's has affirmed the Caa1 rating of the backed senior secured first lien notes due April 2026, the Caa3 rating of the backed senior secured second lien notes due July 2026, and the B1 rating of the €150 million backed super senior secured revolving credit facility (SSRCF) due January 2026. Notably, the outlook has been upgraded to positive from stable.

The revised positive outlook is a testament to Moody’s confidence in Selecta's ability to maintain robust liquidity and consistently strong operating performance, resulting in enhanced credit metrics and cash flow generation. Selecta continues to strengthen its position as Europe´s Foodtech leader by leveraging execution excellence, superior client service and world-class distribution as growing its tech-enabled solutions footprint.

CEO Selecta Group Christian Schmitz says, “We are pleased with Moody’s affirmation and the upgrade to a positive outlook, recognizing Selecta's commitment to financial strength and operational performance. This underscores our dedication to sustained growth and value creation for our stakeholders”.

 

For more information, please contact:

Sarina Künzli
Group Communications Leader
Sarina.kuenzli@selecta.com

Angela Cinelli
Investor Relations
investor.info@selecta.com