Add a new comment

Fitch Ratings : The good results of Pernod Ricard and Diageo allow an acceleration of share buybacks

The robust operating performance of Europe-based spirits producers Pernod Ricard S.A. (BBB+/Stable) and Diageo plc (A-/Stable), combined with the likely limited impact of input cost inflation on their profits in the fiscal year ending June 2022 (FY22), allows them to increase shareholder remuneration without endangering their ratings, Fitch Ratings says.