Report
Delphine Brault ...
  • Quentin Borie

Alstom : Moody’s confirme la notation Baa3 mais abaisse la perspective à négative

>Moody’s acte une première étape vers un downgrade éventuel - L’agence de notation Moody’s estime que le changement de perspective de stable à négative reflète la marge de manœuvre très limitée d'Alstom dans la catégorie Baa3, compte tenu de la faiblesse de ses métriques de crédit. Celles-ci sont impactées par le FCF négatif attendu au S1 (-1.15 Md€ - cf. notre flash de la semaine dernière) et par la révision des prévisions de FCF pour l'exercice 23/24, qui devrait ...
Underlying
Alstom SA

Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Brault

Quentin Borie

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