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Published on 3/4/2013 in the Prospect News Investment Grade Daily.

Moody's: Vivendi view stable

Moody's Investors Service said it affirmed Vivendi SA's senior unsecured ratings at Baa2 and changed the outlook from stable to negative.

Moody's said the outlook change reflects a weaker operating outlook for Vivendi in 2013, in particular due to continued severe competitive pressure on SFR, Vivendi's French telecoms unit, but also the ongoing strategic uncertainty surrounding the company as it pursues its objective to focus on its media and content assets.


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