The Limited Times

Now you can see non-English news...

S&P once again downgrades Atos, the stock plunges

2024-01-20T13:56:21.800Z

Highlights: S&P once again downgrades Atos, the stock plunges. Atos falls into the ‘highly speculative’ category, its rating dropping from BB- to B-. At the end of November during the previous downgrade, the agency was already concerned about the liquidity risk concerning the French company. It had placed the group under surveillance, judging that the renegotiation of its deadlines with its lenders was conditional on the effective sale of the Tech Foundations outsourcing activities. However, although on track in the summer with the entry into exclusive negotiations of Atos with Daniel Kretinsky, this sale is now very compromised.


The price of the French technology group fell by almost 8% at the close of the markets this Friday, after the decision by the American agency S&P to once again downgrade its rating.


Another dark day on the stock market for Atos, more than ever strangled by its debts.

Its price fell by almost 8% at the close of the markets this Friday, after the decision by the American agency S&P to once again downgrade its rating.

Atos falls into the “highly speculative” category, its rating dropping from BB- to B-.

At the end of November during the previous downgrade, the agency was already concerned about the liquidity risk concerning the French company, indebted to the tune of 5 billion euros, of which 2.25 billion euros mature at the end of 2025. It had placed the group under surveillance, judging that the renegotiation of its deadlines with its lenders was conditional on the effective sale of the Tech Foundations outsourcing activities.

However, although on track in the summer with the entry into exclusive negotiations of Atos with Daniel Kretinsky with a view to a sale, this sale is now very compromised according to several players in the file.

So much so…

This article is reserved for subscribers.

You have 50% left to discover.

Do you want to read more?

Unlock all items immediately.

TEST FOR €0.99

Already subscribed?

Log in

Source: lefigaro

All business articles on 2024-01-20

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.