S&P revises Vivendi view to negative

S&P said it revised the outlook on Vivendi SA to negative from stable but affirmed the BBB ratings on the company and its unsecured debt.

The company is considering selling nearly half of Universal Music Group (UMG), its largest earnings contributor and fastest-growing business, over the next 18 months.

“We see a risk that the group’s business profile could weaken if the proceeds are not reinvested in assets that are of equivalent quality and have similar growth prospects,” S&P said in a press release.

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