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S&P affirms Alstom
Standard & Poor’s said it affirmed its BBB- long-term corporate credit rating on Alstom SA. The outlook is stable.
At the same time, S&P affirmed the BBB- issue rating on Alstom’s senior unsecured debt.
The affirmation follows Alstom’s acceptance on June 21 of the revised offer from General Electric to acquire its thermal power, renewable power, and grid businesses for a fixed and unchanged price of €12.35 billion (€10.4 billion net of cash transferred to GE).
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