According to information published by Agefi – Dow Jones, the financial rating agency Standard & Poor’s announced this evening a further downgrade of Atos’ financial rating.
The rating was lowered by two notches and now stands at CCC, i.e. a risk of default for the IT group clearly envisaged by the American agency. Furthermore, the outlook remains negative.
It is a liquidity problem that worries S&P due to the delays the group takes to renegotiate its debt and its refinancing deadlines within 12 months.
The struggling IT group has already announced the appointment of an ad hoc agent to oversee its discussions with its main banks. If these negotiations fail, S&P considers that restructuring the debt would be equivalent to default.
The stock, which has lost 96% of its value in 3 years and already 65% since January 1, is experiencing a real descent into hell, punctuated by a waltz from the leaders and an approximate strategy. The days to find a solution now seem well and truly numbered and this is undoubtedly why Bruno Le Maire came out of the woods. Given the strategic nature of the company and the numerous employees, it is not surprising that the State is following the matter closely behind the scenes.
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