Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering - S&P Global Ratings’ Credit Research

Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering

Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering - S&P Global Ratings’ Credit Research
Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering
Published Jun 24, 2015
Published Jun 24, 2015
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Abstract:

PARIS (Standard&Poor's) June 24, 2015--Standard&Poor's Ratings Services said today that its ratings and outlook on France-based information technology (IT) consulting and services provider Cap Gemini S.A. (BBB/Stable/--) remain unchanged following its announced bond offering of up to €3 billion. We understand that the company will use proceeds from the bonds to fund its previously announced IGate acquisition, along with €500 million from a capital increase completed earlier this month and balance sheet cash. All of these financings are in line with our funding expectations. Under Standard&Poor's policies, only a Rating Committee can determine a Credit Rating Action (including a Credit Rating change, affirmation or withdrawal, Rating Outlook change, or CreditWatch action). This commentary and

  
Report Type:

Bulletin

Ticker
CAP@FP
Issuer
GICS
IT Consulting & Other Services (45102010)
Sector
Global Issuers
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering" Jun 24, 2015. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-French-IT-Consultant-Cap-Gemini-Rating-And-Outlook-Unaffected-By-Bond-Offering-1407834>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: French IT Consultant Cap Gemini Rating And Outlook Unaffected By Bond Offering Jun 24, 2015. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-French-IT-Consultant-Cap-Gemini-Rating-And-Outlook-Unaffected-By-Bond-Offering-1407834>
  
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