Press release
November 8, 2024




Moody’s upgrades Elis to an investment-grade “Baa3” credit rating

Saint-Cloud, November 8, 2024 – Elis announces that rating agency Moody’s raised the Group’s long-
term credit rating to Baa3 with a stable outlook. The Group’s EMTN issuances are also upgraded from Ba1
to Baa3.
This upgrade reflects the Group’s financial strength and the robustness of Elis’ business model for profitable
growth.

As of today, Elis’ financial ratings are as follows:
o BBB- credit rating, with a stable outlook by S&P Global Ratings,
o Baa3 credit rating, with a stable outlook by Moody’s,
o BBB credit rating, with a stable outlook by DBRS.

Xavier Martiré, Chairman of the Management Board of Elis, said: « I am very pleased with Moody’s
announcement today that it has upgraded Elis to an investment-grade Baa3 credit rating. This rewards
the Group’s financial strength as well as its prospects for margin improvement and acceleration in cash
generation. As of today, the Group is now rated investment-grade by all the rating agencies that review
it. Elis will ensure it continues its financial policy aiming at maintaining its investment-grade rating while
pursuing its strategy of profitable growth, with a constant focus on creating value for its shareholders. »


About Elis
As the leader in circular services, thanks to a rental-maintenance model optimized by traceability
technologies, Elis innovates every day. In its 30 countries, Elis meets the needs of its customers in terms of
protection, hygiene, and well-being, while assisting them in achieving their environmental objectives. With
unique operational know-how and a profitable organic growth profile, Elis creates sustainable value for
its shareholders, customers, employees, and the environment.
https://fr.elis.com/en


Contacts
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: + 33 (0)1 75 49 98 30 - nicolas.buron@elis.com

Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15 - charline.lefaucheux@elis.com




Elis SA
Head office: 5 Boulevard Louis Loucheur, 92210 Saint-Cloud – France – Phone: +33 (0) 1 75 49 94 00
http://www.elis.com
Joint-stock corporation governed by an Executive Board and a Supervisory Board
Registered capital of 235,903,498 euros – RCS: 499 668 440 Nanterre