JCDecaux: Moody's confirms rating, but negative outlook
(CercleFinance.com) - On Wednesday, Moody's maintained its "Baa2" credit rating on JCDecaux's debt, deeming that the initiatives taken by the French street furniture group should enable it to limit the fall in earnings expected in FY 2020.
However, Moody's adopts a "negative" outlook for this confirmed rating, which it says is due to the risk that the recovery in the outdoor advertising market will take a long time.
Moody's announced in April that it had placed JCDecaux's credit rating under review, ahead of a possible downgrade.
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However, Moody's adopts a "negative" outlook for this confirmed rating, which it says is due to the risk that the recovery in the outdoor advertising market will take a long time.
Moody's announced in April that it had placed JCDecaux's credit rating under review, ahead of a possible downgrade.
Copyright (c) 2020 CercleFinance.com. All rights reserved.