Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part - S&P Global Ratings’ Credit Research

Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part

Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part - S&P Global Ratings’ Credit Research
Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part
Published Jun 06, 2024
3 pages (1244 words) — Published Jun 06, 2024
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Abstract:

PARIS (S&P Global Ratings) June 6, 2024--S&P Global Ratings has corrected its rating on France-based Altice France S.A.'s senior secured debt--specifically, the €350 million 11.5% notes due 2027--to 'CCC+'. Due to an error, S&P Global Ratings had incorrectly lowered its rating on the €350 million 11.5% notes due 2027 to 'CCC'. The issue rating on this instrument is 'CCC+', in-line with our long-term issuer credit rating on Altice France SA and our ratings on its other senior secured notes. We have corrected this error. Criteria Corporates General: Methodology: Management And Governance Credit Factors For Corporate Entities, Jan. 7, 2024 Criteria Corporates General: Corporate Methodology, Jan. 7, 2024 General Criteria: Environmental, Social, And Governance Principles In Credit

  
Brief Excerpt:

...June 6, 2024 PARIS (S&P Global Ratings) June 6, 2024--S&P Global Ratings has corrected its rating on France-based Altice France S.A.'s senior secured debt--specifically, the 350 million 11.5% notes due 2027--to '###+'. Due to an error, S&P Global Ratings had incorrectly lowered its rating on the 350 million 11.5% notes due 2027 to '###'. The issue rating on this instrument is '###+', in-line with our long-term issuer credit rating on Altice France SA and our ratings on its other senior secured notes. We have corrected this error....

  
Report Type:

Ratings Action

Ticker
SFR@FP
Issuer
Altice France S.A.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers
Country
France
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part" Jun 06, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-One-of-Altice-France-s-Senior-Secured-Notes-Corrected-To-CCC-Due-To-An-Error-On-S-P-Global-Ratings-Part-3192437>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On One of Altice France's Senior Secured Notes Corrected To 'CCC+' Due To An Error On S&P Global Ratings' Part Jun 06, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-One-of-Altice-France-s-Senior-Secured-Notes-Corrected-To-CCC-Due-To-An-Error-On-S-P-Global-Ratings-Part-3192437>
  
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