Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality - S&P Global Ratings’ Credit Research

Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality

Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality - S&P Global Ratings’ Credit Research
Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality
Published Aug 03, 2020
3 pages (1453 words) — Published Aug 03, 2020
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Abstract:

PARIS (S&P Global Ratings) Aug. 3, 2020--S&P Global Ratings today said that ENGIE SA?s (BBB+/Stable/A-2) first-half 2020 results were lower than our expectations and that the revised full-year 2020 guidance of €9.0 billion-€9.2 billion (compared with €10.4 billion in 2019) is also significantly lower than our most recent forecasts of €9.6 billion-€9.7 billion (for more information, see "ENGIE SA Rating Lowered To 'BBB+' On Less-Resilient Business Amid Looming Recession; Outlook Stable," published April 24, 2020, on RatingsDirect). COVID-19's negative effects on ENGIE's customer solutions and supply activities were the main factors in the weak operating performance. This was due to a major temporary halt in activities and poor energy demand during the lockdown period, as well as (to a lesser

  
Report Type:

Bulletin

Issuer
Engie S.A.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers, Structured Finance
Country
France
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality" Aug 03, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-ENGIE-SA-s-Weaker-Than-Expected-First-Half-Results-And-New-Strategic-Review-Add-Uncertainty-To-Credit-Quality-2489118>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: ENGIE SA's Weaker-Than-Expected First-Half Results And New Strategic Review Add Uncertainty To Credit Quality Aug 03, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-ENGIE-SA-s-Weaker-Than-Expected-First-Half-Results-And-New-Strategic-Review-Add-Uncertainty-To-Credit-Quality-2489118>
  
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