S&P changes Obol France 3 view to negative

S&P said it revised the outlook to negative for Obol France 3 and affirmed the company’s B+ long-term rating.

“We revised the outlook to negative because we expect financial leverage to remain elevated over the next 12-18 months, and because we see risk that, despite the initiatives launched by management, debt to EBITDA and free operating cash flow (FOCF) could remain at levels that are not commensurate with the B+ rating,” said S&P in a press release.

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