Moody’s has downgraded Casino’s credit rating from Ba1 negative outlook to Ba3 negative outlook. Subsequently, the company has released a note stating that Moody’s analysis is based on Casino’s gross debt at the end of 2018, which does not take into account either the asset disposal plan or the future reduction in bond debt. The French retailer has also specified that this development will have no impact on the availability or cost of the group’s financial resour
03 Apr 2019
Moody's downgrades Casino
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Moody's downgrades Casino
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
03 Apr 2019 -
Author:
Nishant Choudhary -
Pages:
2
Moody’s has downgraded Casino’s credit rating from Ba1 negative outlook to Ba3 negative outlook. Subsequently, the company has released a note stating that Moody’s analysis is based on Casino’s gross debt at the end of 2018, which does not take into account either the asset disposal plan or the future reduction in bond debt. The French retailer has also specified that this development will have no impact on the availability or cost of the group’s financial resour