(Reuters) - "Thomson's balance sheet has improved over the last two
years, and we have not changed our expectations for cash flow
generation going forward. Our net debt has been stable
year-on-year and our gross debt is falling. We anticipate no
change to our borrowing conditions," the company said in a
statement.
Earlier on Friday, Standard & Poor's affirmed Thomson SA's
credit rating at BBB-/A-3 but cut its outlook on the group to
"negative" from "stable." The rating agency cited "operating
pressures" within Thomson's core business.
Read more at Reuters.com Bonds News
years, and we have not changed our expectations for cash flow
generation going forward. Our net debt has been stable
year-on-year and our gross debt is falling. We anticipate no
change to our borrowing conditions," the company said in a
statement.
Earlier on Friday, Standard & Poor's affirmed Thomson SA's
credit rating at BBB-/A-3 but cut its outlook on the group to
"negative" from "stable." The rating agency cited "operating
pressures" within Thomson's core business.
Read more at Reuters.com Bonds News
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