(The following statement was released by the rating agency)
Oct 05 - =============================================================================== Summary analysis -- Kingfisher PLC -------------------------------- 05-Oct-2012 =============================================================================== CREDIT RATING: BBB-/Positive/A-3 Country: United Kingdom Primary SIC: Miscellaneous retail stores, nec Mult. CUSIP6: 495724 =============================================================================== Credit Rating History: Local currency Foreign currency 15-Jan-2007 BBB-/A-3 BBB-/A-3 19-Sep-2006 BBB/A-3 BBB/A-3 =============================================================================== Rationale
The ratings on U.K.-headquartered home improvement retailer Kingfisher PLC reflect Standard & Poor's Ratings Services' view of the group's "satisfactory" business risk profile. Our assessment is underpinned by the group's strong portfolio of brands, resilient operating performance over recent years, and position as Europe's largest home improvement retailer and the third-largest in the world.