Moody's Ratings withdraws SoLocal's ratings

Moody's Ratings (Moody's) has today withdrawn the C long-term corporate family rating (CFR) and the C-PD probability of default rating (PDR) of SoLocal Group S.A. (SoLocal), a French provider of local media advertising and digital solutions to the small and medium-sized enterprise (SME) sector. Conc...

SoLocal Group S.A.: Update following downgrade to C

Our credit view of this issuer reflects its highly fragmented and competitive market environment and its low customer satisfaction rates and high churn rates.

Moody's downgrades SoLocal to C on announcement of debt restructuring proposals; outlook remains negative

Moody's Ratings ("Moody's") has today downgraded to C from Caa3 the long term corporate family rating (CFR) and to C-PD/LD from Caa3-PD/LD the probability of default rating (PDR) of SoLocal Group S.A. (SoLocal), a French provider of local media advertising and digital solutions to the small and medi...

Atos : Execution risk and debt levels still too high to come back to the stock

Following its debt restructuring, Atos has regained a cash position that will enable it to continue operations. However, in an unfavourable macroeconomic environment, the group's operational recovery will be tough going and cash burn is set to remain high. Despite the CMD due on 14 May, we think it is too early to return to the stock. We are upgrading our recommendation to Neutral with a target price of € 35.

Atos : Le risque d’exécution et l’endettement restent trop importants pour revenir sur le titre

Suite à la restructuration de sa dette Atos a retrouvé une position de liquidité lui permettant d’opérer ses activités. Néanmoins, dans un contexte macro défavorable, le redressement opérationnel du groupe sera difficile et la consommation de trésorerie restera importante. Malgré la tenue d’un CMD le 14 mai, il nous semble trop tôt pour revenir sur le titre. Nous relevons l’opinion Neutre avec un OC de 35 €.

SMA Solar Technology AG : Q1 above consensus but the lower third of the guidance is now targeted