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Standard and Poor's upgrades Technicolor to 'B+'; outlook stable-DJ


Tuesday, 15 Apr 2014 10:37am EDT 

Technicolor SA:Standard and Poor's upgrades Technicolor to 'B+' from 'B'-DJ.Outlook is stable.Standard and Poor's say Technicolor will continue to improve its financial risk profile, especially through use of treasury funds to reduce debt but also through growth in operational free cash flow permitted by decrease in capital expenditure.Stable outlook reflects Standard and Poor's belief that Technicolor should reduce its ratio of debt to EBITDA to around 2 and achieve operational free cash flow of over 150 million euros by 2015. 

Company Quote

5.29
-0.56 -9.57%
20 Oct 2014