Casino Guichard Perrachon Credit Rating

  1. Casino Guichard Rating
  2. Casino Guichard Perrachon Rating
Casino Guichard Perrachon Credit Rating

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CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals. Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue. Casino Guichard Perrachon: French retailer Casino's shares fall after Moody's downgrade. 0. 05:32am EDT. Casino shares were down 2 percent in early session trading. Late on Tuesday, Moody's cut Casino's long-term rating to 'Ba3' from 'Ba1' and kept a negative outlook on the company. Casino Guichard - Perrachon S.A. Financial information. Bond list, news and credit ratings. Syndicated loans. Casino Guichard-Perrachon SA. CGUIF Morningstar Rating Rating as of Dec 27, 2019. Casino Guichard-Perrachon Wants to Extend Credit Lines in France, Refinance Debt.

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Casino Guichard Rating

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Casino Guichard-Perrachon SA (CO.FR) has taken note of Standard & Poor's decision to downgrade the company's rating by one notch.

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Casino Guichard Perrachon Rating

The troubled French retailer said Friday's downgrade--which dropped its rating to BB- with a negative outlook from BB with a negative outlook--has no impact on the availability or cost of the company's financial resources and that it remains focused on its 2019-21 strategic and financial objectives.

Standard & Poor's said that 'despite robust sales growth and the completion of its initial EUR1.5 billion disposal plan, [Casino's] leverage remains elevated while its cash flows remain burdened by working capital, interest, and dividends payments.'

The ratings agency said the negative outlook reflects the 'extremely competitive' food retail markets in France and Latin America, which will curtail any significant improvement in earnings and cash generation.

Earlier this month, Moody's downgraded Casino to Ba3 with a negative outlook from Ba1 with a negative outlook.

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