Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains - S&P Global Ratings’ Credit Research

Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains

Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains - S&P Global Ratings’ Credit Research
Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains
Published Mar 15, 2000
664 words — Published Mar 15, 2000
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

PARIS (Standard&Poor's CreditWire) March 15, 2000--Standard&Poor's today announced that it will lower its long-term ratings on France-based glass-maker and building-materials group Compagnie de Saint-Gobain S.A. (Saint-Gobain) and the company's Netherlands-based guaranteed subsidiary Saint Gobain Nederland B.V. to single-'A' if the group's bid for Meyer International PLC is completed as planned. The short-term and commercial-paper credit ratings would remain at 'A-1' and the outlook would stay stable. Pending the outcome of the bid, the ratings will remain on CreditWatch with negative implications. The ratings were placed on CreditWatch on Feb. 1, 2000, following the group's announced bid to acquire 100% of Meyer International, the leading builders' merchant in the U.K., for euro (Eur) 1.75 billion, excluding Eur350

  
Brief Excerpt:

RESEARCH Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains Publication date: 15-Mar-2000 PARIS (Standard & Poor's CreditWire) March 15, 2000--Standard & Poor's today announced that it will lower...

  
Report Type:

Ratings Action

Ticker
COD@LN
Issuer
Compagnie de Saint-Gobain
GICS
Building Products (20102010)
Sector
Global Issuers
Country
France
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains" Mar 15, 2000. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cie-de-Saint-Gobain-s-L-T-Rtg-To-Fall-to-A-if-Meyer-Int-l-Bid-Suceeds-WatchNeg-Remains-144376>
  
APA:
S&P Global Ratings’ Credit Research. (). Cie. de Saint-Gobain's L-T Rtg To Fall to 'A' if Meyer Int'l Bid Suceeds; WatchNeg Remains Mar 15, 2000. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cie-de-Saint-Gobain-s-L-T-Rtg-To-Fall-to-A-if-Meyer-Int-l-Bid-Suceeds-WatchNeg-Remains-144376>
  
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