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Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

SES (Neutral, €5.2, +1%) Credit downgrade to high yield

Moody’s has downgraded SES credit from investment grade to high yield, following the weak Q3 results. In this note we discuss the impact of the downgrade and review Moody’s forecasts for the business.

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/18/2025

Moody’s downgrades SES rating from Baa3/negative to Ba1/stable|ams OSRAM launches a € 300m tender offer on the 2027 convertible bonds|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 18/12/2025

Moody’s dégrade le rating de SES de Baa3/négative à Ba1/stable|ams OSRAM lance une offre d’achat de 300 m EUR sur les obligations convertibles 2027|

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/SES

Telecom: SES - Moody's ratings lowered to high yield

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/12/2025

Eutelsat completes its rights issue of € 670m|Proposals for simplifying banking regulations by the ECB|BPCE and Generali abandon their asset management joint venture project|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 12/12/2025

Eutelsat finalise son augmentation de capital avec DPS de 670 m EUR|Propositions de simplification de la réglementation bancaire par la BCE|BPCE et Generali abandonnent leur projet de coentreprise en gestion d’actifs|

 PRESS RELEASE

PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF T...

PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF TARKETT   PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF TARKETT FOLLOWING THE PUBLIC BUY-OUT OFFER FOLLOWED BY A SQUEEZE-OUT INITIATED BY TARKETT PARTICIPATION  AMOUNT OF INDEMNIFICATION:€17 per Tarkett ordinary share AUTORITE DES MARCHES FINANCIERS This press release has been prepared by Tarkett Participation and distributed in accordance with the provisions of Article 237-3 III of the General Regulations of the Autorité des marchés financiers (the “AMF”) a...

 PRESS RELEASE

COMMUNIQUÉ DE PRESSE EN DATE DU 12 DÉCEMBRE 2025 RELATIF A LA MISE EN ...

COMMUNIQUÉ DE PRESSE EN DATE DU 12 DÉCEMBRE 2025 RELATIF A LA MISE EN ŒUVRE DU RETRAIT OBLIGATOIRE VISANT LES ACTIONS DE LA SOCIÉTÉ TARKETT COMMUNIQUÉ DE PRESSE EN DATE DU 12 DÉCEMBRE 2025 RELATIF A LA MISE EN ŒUVRE DU RETRAIT OBLIGATOIRE VISANT LES ACTIONS DE LA SOCIÉTÉ  TARKETT CONSÉCUTIVEMENT A L’OFFRE PUBLIQUE DE RETRAIT SUIVIE D’UN RETRAIT OBLIGATOIRE INITIÉE PAR TARKETT PARTICIPATION  MONTANT DE L'INDEMNISATION :17 euros par action ordinaire Tarkett AUTORITE DES MARCHES FINANCIERS Le présent communiqué a été établi par Tarkett Participation et diffusé en application des disposit...

Eutelsat Communications SA: Update following rating upgrade to Ba3

Our credit view of this issuer reflects its improved credit metrics and GRI denomination resulting in expected extraordinary support from the Government of France

Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
 PRESS RELEASE

Tarkett - Information on the total number of voting rights and shares ...

Tarkett - Information on the total number of voting rights and shares in Tarkett’s share capital as of November, 30th, 2025  PARIS, FRANCE, 5th of December 2025 - Information on the total number of voting rights and shares in Tarkett’s share capital as of November 30th, 2025 (Article L233-8-II of the French Commercial Code andArticle 223-16 of the General Regulation of the Autorité des marchés financiers) DateTotal number of shares in the share capitalTotal number of voting rightsAs of November 30th, 2025 65,550,281 Number of theoretical voting rights: 123 938 579 Number of exercisable vot...

 PRESS RELEASE

Tarkett - Information relative au nombre total des droits de vote et d...

Tarkett - Information relative au nombre total des droits de vote et d’actions composant le capital social de Tarkett au 30 novembre 2025  PARIS, 5 décembre 2025 — Information relative au nombre total des droits de vote et d’actions composant le capital social de Tarkett au 30 novembre 2025 (Articles L233-8 II du Code de commerce et 223-16 du Règlement général de l’Autorité des marchés financiers) DateNombre d’actions composant le capital socialNombre total de droits de voteAu 30 novembre 2025 65 550 281 Nombre de droits de vote théoriques : 123 938 579 Nombre de droits de vote exerçables ...

Tarkett Sa: 1 director

A director at Tarkett Sa bought 72,501 shares at 17.000EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/02/2025

Moody’s raises Eutelsat corporate rating to Ba3/stable from B2 cw pos|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 02/12/2025

Moody’s relève le rating d’Eutelsat de B2 cw pos à Ba3/stable|

Carole Braudeau
  • Carole Braudeau

Credit Morning 11/25/2025

Bertrand Franchise : 11.5% growth in Q3 2025 EBITDA, offsetting the decline in H1 2025|Zegona : satisfactory results in H1 2026, agreement to sell 40% of Fiberpass to AXA IM|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 25/11/2025

Bertrand Franchise : EBITDA en hausse +11.5% au T3 25, rattrapant la baisse du S1 25|Zegona : résultats satisfaisants au S1 2026, accord pour la cession de 40% de Fiberpass à AXA IM|

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