(News Bulletin 247) – Atos continues its complicated sequence on the stock market this Friday following the decision of the agency S&P Global Ratings to place its rating under review with negative implications.
The title is currently yielding 1.1%, which brings its decline to almost 50% since the publication, on July 28, of half-year results which had been poorly received by the financial community.
Investors are particularly concerned about the deterioration of the technology group’s cash flow and the risk of dilution associated with its planned capital increase of 900 million euros.
In the process, S&P Global Ratings announced yesterday that it had put its ‘BB’ rating on the company’s debt under review with negative implications, knowing that a possible downgrade would push it further into speculative category.
The financial rating agency believes that it is indeed likely that it will downgrade its rating on Atos by one notch, i.e. to ‘BB-‘, once the separation between the group’s traditional activities (Tech Foundations) and cybersecurity-related businesses (Eviden), an operation that it sees being finalized within six to nine months.
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