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Prospect News home > News index > List of issuers E > Headlines for Europcar Groupe SA > News item |
S&P downgrades Europcar
Standard & Poor's said it lowered the long-term corporate credit rating on Europcar Groupe SA and its subsidiary Europcar International SASU to B from B+.
The outlook is negative.
The downgrade reflects the absence of an improvement in Europcar's revenues and operating margin in 2011 that had been expected, according to the agency.
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