...- Mobilux 2 S.A.S. (Mobilux), parent of France-based furniture and electrical goods retailer BUT S.A.S. (BUT), published strong first-quarter results in fiscal 2020 (ending June 30), continuing its strong fiscal 2019 performance and indicating further improvements for the full financial year. - We think that Mobilux will maintain positive operating performance and cash flow generation, with organic revenue growth above 2% and an improved cost structure, leading to lower leverage and stronger cash flow metrics. - We are revising our outlook of Mobilux to positive from stable and affirming the 'B' issuer credit rating and '##-' and 'B' issue ratings on the company's revolving credit facility (RCF) and 380 million senior secured notes respectively. - The positive outlook reflects our expectation that we could upgrade Mobilux over the next 12 months if, alongside a continued prudent financial policy, the company sustained positive revenue growth and profitability improvements, leading to S&P...
