According to S&P Global Ratings, MAXIMA GRUPĖ UAB plans to divest its businesses in Poland and Bulgaria have no impact on its credit rating

Core Viewpoint - S&P Global Ratings has maintained MAXIMA GRUPĖ's BB+ credit rating with a stable outlook despite planned operational separations in Poland and Bulgaria, which may impact the group's size and growth prospects [1][2] Group 1: Credit Rating and Financial Impact - The planned separation of operations in Poland and Bulgaria will reduce MAXIMA GRUPĖ's geographical diversification and growth prospects, but it will also allow for the transfer of lease and financial obligations, potentially lowering financial leverage from a previously forecasted 2.4x in 2025 [1] - The transaction is not expected to have a direct impact on MAXIMA GRUPĖ's individual credit profile of 'bb+' or its issuer credit rating of 'BB+' [2] - MAXIMA GRUPĖ has decided to redeem €240 million worth of bonds maturing in July 2027 ahead of schedule prior to the transfer of the spun-off companies [2] Group 2: Company Overview - MAXIMA GRUPĖ, UAB operates 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]