S&P revises Auchan view to negative

S&P said it revised its outlook on Auchan Holding to negative from stable and affirmed the BBB/A-2 long- and short-term issuer credit ratings on the company.

S&P also affirmed its A-2 short-term issuer credit rating on Auchan's subsidiary, Auchan Coordination Services SA.

Additionally, the agency said it affirmed the BBB long-term issue rating on Auchan's senior unsecured debt, and A-2 short-term issue rating on the group's commercial paper.

“The outlook revision reflects our expectation that it will be difficult for Auchan to restore positive like-for-like growth and margin improvements over the next 24 months,” S&P said in a news release.

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