S&P: Vivendi on watch

Standard & Poor's said it placed the BBB long-term and A-2 short-term corporate credit ratings on Vivendi SA on CreditWatch with negative implications.

The CreditWatch reflects the possibility that the agency could lower the assessments of the group's business risk or financial risk profiles.

The concerns and lack of visibility on the group's future credit profile stem from its announced potential strategic decisions and amid ongoing critical changes occurring at top management level, S&P said.

The agency said it also thinks that potentially intense shareholder pressure could precipitate credit dilutive business or financial initiatives within the group.

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