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BRIEF-Casino sees no impact of S&P move on Rallye debt covenants
2016年1月18日 / 早上7点38分 / 2 年前

BRIEF-Casino sees no impact of S&P move on Rallye debt covenants

Jan 18 (Reuters) - Casino CFO Antoine Giscard d‘Estaing tells analysts following S&P decision to place Casino’s debt on creditwatch neative:

* Says Rallye bank debt covenants do not depend on Casino share price or rating.

* Says S&P decision to place Casino’s debt on creditwatch negative has no impact on Rallye’s bank debt covenants

* Says there are no covenants on Rallye bonds

* Says Casino is confident in Brazil’s GPA unit ability to deliver a good performance in 2016

* Says priority for 2016 is to maintain a positive free cash flow in all Casino’s Brazilian activities Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)

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