Burger King France SAS Ratings Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research

Burger King France SAS Ratings Withdrawn At The Issuer's Request

Burger King France SAS Ratings Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research
Burger King France SAS Ratings Withdrawn At The Issuer's Request
Published Sep 19, 2024
2 pages (1088 words) — Published Sep 19, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

PARIS (S&P Global Ratings) Sept. 19, 2024--S&P Global Ratings said today that it has withdrawn its 'B-' long- term issuer credit ratings on Burger King France SAS at the company's request. The outlook was stable at the time of the withdrawal. At the same time, we withdrew our 'B-' issue rating and our '3' recovery rating on the €665 million notes, as well as our 'CCC' issue rating and our '6' recovery rating on the €235 payment-in-kind notes, given they have been repaid as part of the refinancing led by parent Bertrand Franchise Finance S.A.S., which we have assigned a 'B' rating with a stable outlook (see "France-Based Restaurateur Bertrand Franchise S.A.S. Rated 'B'; Outlook Stable," published May 28, 2024).

  
Brief Excerpt:

...September 19, 2024 PARIS (S&P Global Ratings) Sept. 19, 2024--S&P Global Ratings said today that it has withdrawn its 'B-' long- term issuer credit ratings on Burger King France SAS at the company's request. The outlook was stable at the time of the withdrawal. At the same time, we withdrew our 'B-' issue rating and our '3' recovery rating on the 665 million notes, as well as our '###' issue rating and our '6' recovery rating on the 235 payment-in-kind notes, given they have been repaid as part of the refinancing led by parent Bertrand Franchise Finance S.A.S., which we have assigned a 'B' rating with a stable outlook (see "France-Based Restaurateur Bertrand Franchise S.A.S. Rated 'B'; Outlook Stable," published May 28, 2024)....

  
Report Type:

Ratings Action

Ticker
1318330D@FP
Issuer
Burger King France SAS
GICS
Restaurants (25301040)
Sector
Global Issuers
Country
France
Region
Europe, Middle East, Africa
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. "Burger King France SAS Ratings Withdrawn At The Issuer's Request" Sep 19, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Burger-King-France-SAS-Ratings-Withdrawn-At-The-Issuer-s-Request-3252945>
  
APA:
S&P Global Ratings’ Credit Research. (). Burger King France SAS Ratings Withdrawn At The Issuer's Request Sep 19, 2024. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Burger-King-France-SAS-Ratings-Withdrawn-At-The-Issuer-s-Request-3252945>
  
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