Moody’s downgrades Casino’s credit rating

PARIS, May 31 (Reuters) – Credit rating agency Moody’s on Wednesday lowered the credit rating of the heavily indebted retail group Casino.

The agency lowered its rating to “CAA3” with a negative outlook.

Earlier this month, S&P also downgraded Casino’s credit rating to “CCC-“, citing default risk.

(Written by Blandine Hénault, edited by Kate Entringer)

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