Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco - S&P Global Ratings’ Credit Research

Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco

Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco - S&P Global Ratings’ Credit Research
Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco
Published Mar 16, 2000
Published Mar 16, 2000
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's CreditWire) March 16, 2000--Standard&Poor's today raised its senior unsecured debt rating for Olsten Corp. to triple-'B'-plus from triple-'B'-minus and removed ratings from CreditWatch, where they were placed on Aug. 19, 1999. The upgrade is based on the closing of Adecco S.A.'s acquisition of Olsten's staffing and information technology services businesses and the strengthening in credit quality that results from the combination. Standard&Poor's analyzes these entities on a consolidated basis. The triple-'B'-minus bank loan rating for Olsten Corp. was withdrawn in light of the repayment of the company's bank loans. In addition, Standard&Poor's withdrew its triple-'B'-minus corporate credit rating for the company. These ratings also are removed from CreditWatch. The

  
Report Type:

Ratings Action

Ticker
ADEN@SW
Issuer
Adecco S.A.
Sector
Global Issuers
Country
Switzerland
Region
United States
Format:
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Adecco SA – 2001/01/05 – US$ 500.00

Summary: Adecco S.A. – 2001/04/02 – US$ 225.00

Adecco S.A. – 2002/02/28 – US$ 500.00

Summary: Adecco S.A. – 2002/02/28 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco" Mar 16, 2000. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Olsten-Senior-Debt-Rating-Raised-and-Off-Watch-After-Completion-of-Acquisition-by-Adecco-144565>
  
APA:
S&P Global Ratings’ Credit Research. (). Olsten Senior Debt Rating Raised and Off Watch After Completion of Acquisition by Adecco Mar 16, 2000. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Olsten-Senior-Debt-Rating-Raised-and-Off-Watch-After-Completion-of-Acquisition-by-Adecco-144565>
  
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