Boisseau dismisses Groupama Group rating downgrade
The French insurer confirmed on 5 October that it will not be paying out, known as the coupon, on its debt note issued in 2007. The payment was due on 22 October.
Yesterday S&P said in light of this move it had downgraded the rating on these notes to CC from B and would lower it further once the payment was not delivered.
The credit rating agency also downgraded other group debt notes along with decreasing the financial strength ratings on Groupama and its guaranteed subsidiaries to BB- from BB
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Mulsanne accuses Marshmallow of stealing trade secrets in court battle
- GRP spent £60m on 18 deals in 2020
- Ian Donaldson lifts lid on Atlanta's Marmalade deal
- Ethos Broking buys London-based Chambers and Newman
- Aston Lark buys DNA Insurance
- Interview: A niche focus
- Partners& appoints Aaron Devitt to newly created role