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Moody's downgrades Bouygues SA's rating to Baa1-Reuters

Wednesday, 5 Mar 2014 02:35pm EST 

Bouygues SA:Moody's Investors Service downgrades Bouygues's rating to Baa1 with stable outlook- Reuters.Long-term issuer and senior unsecured ratings downgraded to Baa1 from A3.Outlook changed to stable from negative.According to Moody's, downgrade reflects the reduced contribution to the company of Bouygues Telecom, which has been negatively affected by the entrance of a fourth player in the French telecoms market since the beginning of 2012. 

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0.125 +0.42%
19 Dec 2014