Casino Guichard-Perrachon S.A. http://www.alacrastore.com/company-snapshot/Casino_Guichard_Perrachon_S_A-1003181 Friday, July 25, 2008 6:23:05 PM 1003181 Casino Guichard-Perrachon S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/387364_report_framefitch/387364_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Casino Guichard-Perrachon S.A.803602085/22/2008 10:14:00 AM01000000010300000103030001030301425Full Rating Report012558387364_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/420652_pr_framefitch/420652_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Casino Guichard-Perrachon S.A.803602085/15/2008 2:16:00 PM0100000001030000010303000103030185Press Release012558420652_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/cs/45489cs/45489norm iTraxx Roll to Series #: The Unbearable Tightness of Being (Invested in the iTraxx) The high grade iTraxx Europe index finished Series # trading at its tightest level. However, the Crossover index's inability to break its tights suggests...42High Yield5/14/2008 11:06:25 AM150The iTraxx European high grade index set a new record tight in September, helped by availability of unused liquidity both to borrowers and investors using it to take leverage.454894829886Yes10191510862corpstrategyhy2941D0Article1017100494610121356193912833241299166797616251627162628197045489Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/645749spcred/645749normThe latest Full Report from S&Pglobalstructured5/1/2008 2:34:00 AM400Full Report645749FranceFood RetailAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsRetailFull ReportWell-established and sustainable positions in the protected French food retail market Format diversity in French operations Strategy refocusing on the group's most profitable markets Above-average growth prospects in South America Adequate liquidity Exposure to numerous put option agreements, notably on Monoprix Limited free cash flow generation owing to strong capital expenditure for growth Leveraged parent company, Rallye Tough conditions in core French market The ratings on France-based food retailer Casino Guichard - Perrachon&Cie S.A. reflect the group's solid and sustainable positions in the favorable but very competitive French retail market and its slightly aggressive financial risk profile. The group's €2.5 billion disposal program rolled out over the past two years has enhanced its financial profile. The ratings relyFRA30101030 301010 3010 30Casino Guichard - Perrachon&Cie S.A.129020ASIAEMERGINGEUROMIDAFRLATAMERICACO@FPFULLGLOBISSSTRUCCORPCDORetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/645751spcred/645751normThe latest Summary from S&Pglobalstructured5/1/2008 2:34:00 AM175Summary645751FranceFood RetailAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsRetailSummaryThe ratings on France-based food retailer Casino Guichard - Perrachon&Cie S.A. reflect the group's solid and sustainable positions in the favorable but very competitive French retail market and its slightly aggressive financial risk profile. The group's €2.5 billion disposal program rolled out over the past two years has enhanced its financial profile. The ratings rely primarily on Casino's French operations, which accounted for 72% of 2007 reported EBITDA. The group benefits from above-average diversification in France through its multiformat presence in hypermarkets, discount stores, supermarkets, city center premium supermarkets, and convenience stores. Domestic market conditions are still challenging but operating margins from the French operations slightly increased in 2007, despite ongoing price pressure and negative like-for-like sales trendsFRA30101030 301010 3010 30Casino Guichard - Perrachon&Cie S.A.129020ASIAEMERGINGEUROMIDAFRLATAMERICACO@FPSUMMARYGLOBISSSTRUCCORPCDORetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/374586_report_framefitch/374586_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. 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Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Carrefour S.A.Casino Guichard-Perrachon S.A.DSG International PLCJ. Sainsbury plcMarks & Spencer Group plcMETRO AGTesco plc80359947803599648035996980360208803602098036042280362463804171792/5/2008 10:16:00 AM01000000010300000103030001030301250Special Report01255812017DSGIMEOMKSSBRYTSCO370824_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/361686_report_framefitch/361686_report_framepdf010303012508036105601030101Accor S.A.12017METRO AG80360209MEOJ. Sainsbury plcCasino Guichard-Perrachon S.A.01255880359969Carrefour S.A.SBRY12040Special Report803613000103000001210180359964AH0100000001032100L'Oreal SA8036083412/13/2007 2:14:00 PM01203280359949CPGLVMH Moet Hennessy-Louis Vuitton SATSCOCompass Group plc80360208809552378036059401212201030300804171790103010001030200Tesco plc80362463Sodexho Alliance S.A.Koninklijke Ahold N.V.361686_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/358722_report_framefitch/358722_report_framepdf803610561204080361300Carrefour S.A.80360209010303018036083401032100012558Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Special ReportCasino Guichard-Perrachon S.A.012101J. Sainsbury plc80359964Sodexho Alliance S.A.80362463METRO AG010302000103010080955237L'Oreal SASBRY8036059401000000012032AH12017Accor S.A.12/5/2007 10:12:00 AM012122MEO010303000103010125080360208Koninklijke Ahold N.V.Compass Group plcLVMH Moet Hennessy-Louis Vuitton SA01030000CPG8041717980359949358722_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/599882spcred/599882normThe latest Summary from S&P9/6/2007 8:28:00 AMSummary175globalstructured599882FranceFood RetailAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsRetailSummaryThe ratings on France-based retailer Casino Guichard - Perrachon&Cie S.A. reflect the group's solid and sustainable positions in the favorable but currently challenging French retail market, and its aggressive financial profile. The latter is currently being significantly improved by a €2 billion disposal program (€1.9 billion already completed). The ratings rely primarily on Casino's French operations, which accounted for 75% of 2006 reported EBITDA. The group benefits from above-average diversification in France through its multiformat presence in hypermarkets, discount stores, supermarkets, city center premium supermarkets, and convenience stores. Domestic market conditions continue to be challenging but EBIT from the French operations stabilized in 2006, despite ongoing price pressure and very negative like-for-like trends for the group's discount formatsFRA30101030 301010 3010 30Casino Guichard - Perrachon&Cie S.A.129020ASIAEMERGINGEUROMIDAFRLATAMERICACO@FPSUMMARYGLOBISSSTRUCCORPCDORetailCredit & Investment ResearchS&P Credit Research