Clariane : Welcome to the club of rated issuers
After a disappointing first half, Clariane bounced backed at year end, improving its EBITDA margin (12.6% after lease payments vs. 9.9% in H1 2025), and even bringing its net debt-to-EBITDA ratio down to 5.1x — a milestone management had initially expected to reach only sometime in 2026. Another positive development for bond investors is that the group has now been assigned ratings of B+ by S&P and B2 by Moody’s, a prerequisite mainly intended to facilitate its return to the bond markets, as the group mulls over the best way to refinance its hybrid notes before costs increase further.Korian is an actor on the temporary and permanent dependency care market in France, Germany and Italy. Co. offers and develops services related to dependency through its retirement homes (116 as of Dec 31 2009), follow-up care and rehabilitation facilities (35 as of Dec 31 2009) and psychiatric clinics (11 as of Dec 31 2009). Co.'s operations can be divided into four geographical segments: Medical and Social activity in France (retirement homes); Sanitary activity in France (follow-up care, rehabilitation, psychiatry and home medical care); Italy; and Germany.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.