Casino's Debt Rating Downgrade and Concerns Around Rallye's Liquidity Risk Weigh on Shares
The past couple of weeks have brought a fair amount of volatility in Casino's stock price, with shares down 20%. Three main developments helped propel the fall: worries regarding the company's accounting practices around the ownership changes of Franprix and Leader Price stores, the delayed filing of annual accounts by a key finance subsidiary, and finally the downgrade by S&P of the company's debt rating by one notch to BB. Although we appreciate the market's nervousness around Casino's com...Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
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