MAXIMA GRUPĖ, UAB Maintains BB+ Credit Rating with Stable Outlook from S&P Global Ratings

Group 1 - S&P Global Ratings conducted its annual review of MAXIMA GRUPĖ on July 31, 2025, and the credit rating remained unchanged, indicating stable financial health despite competitive pressures [1] - The report noted that MAXIMA GRUPĖ experienced growing revenues, attributed to strong private label positioning, expansion of managed retail chains, and good diversification of store formats [1] - The financial leverage of MAXIMA GRUPĖ was reported at 2.4x, an increase from 2.2x in 2023, suggesting a slight rise in debt relative to equity [1] Group 2 - MAXIMA GRUPĖ's bond issuance also retained a BB+ rating, which has been consistent since it was first assigned in 2018 [2] - The company successfully issued €300 million in bonds in 2018, which were redeemed in 2023, and issued a second bond offering of €240 million in 2022 with a 5-year term [2] Group 3 - MAXIMA GRUPĖ, UAB operates several retail chains including "Maxima" in the Baltic countries, "Stokrotka" in Poland, "T Market" in Bulgaria, and the online food store "Barbora" in the Baltic countries [3] - MAXIMA GRUPĖ is part of the "Vilniaus prekyba" group, which controls investments in retail, pharmacy chains, and real estate development across the Baltic countries, Sweden, Poland, and Bulgaria [4]