LONDON, UK: Victoria PLC, the international designers, manufacturers and distributors of innovative flooring, is pleased to announce that, S&P have formally improved their view of the outlook for Victoria’s 2026 and 2028 Senior Notes based on the strong trading performance of the Group, its effective mitigation of raw material price inflation, and the Group’s track record of successfully integrating acquisitions.
This follows a separate rating upgrade from Fitch in June this year. The Group’s AGM trading statement announced on 7 September highlighted that Victoria’s strong growth continues.
The full S&P announcement (registration required) can be viewed at;
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2726048
CEO Philippe Hamers commented; “As recently reported the business has continued to trade extremely well this year with very good revenue growth. We have been effective at mitigating raw material price increases to ensure resilient margins. We are very pleased that this has been recognised by two of the leading ratings agencies along with our bond investors, with the bonds now trading at a significant premium to their issue price.”