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Fitch: No change for Vivendi
Fitch Ratings said that a U.S. court ruling against Vivendi SA regarding a class action lawsuit related to prior financial statements will have no immediate impact on the company's long-term issuer default rating and senior unsecured ratings of BBB.
The outlook is stable.
However, a final ruling could eventually lead to a significant potential liability, which may be negative for Vivendi's credit profile, Fitch said.
Vivendi has said it intends to appeal the ruling, the agency added.
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