Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive - S&P Global Ratings’ Credit Research

Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive

Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive - S&P Global Ratings’ Credit Research
Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive
Published Mar 12, 1999
827 words — Published Mar 12, 1999
Price US$ 150.00  |  Buy this Report Now

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Abstract:

PARIS (Standard&Poor's CreditWire) March 12, 1999--Standard&Poor's today raised its long-term corporate credit and senior unsecured debt ratings on Cap Gemini S.A. to triple-'B'-plus from triple-'B'-minus. At the same time, the outlook was revised to stable from positive. The upgrading of the ratings reflects Cap Gemini's strengthening position in the fast-growing information technology (IT) services market, its strongly improved financial performance from 1996 to 1998, and its fully-restored financial profile. Cap Gemini's revenues have risen faster than the IT market average, rising by an annual average of 32% from 1996 to 1998 (29% organic growth in 1998). Growth has been coupled with strong and steady increases in the operating margin and free cash flow: the earnings before

  
Brief Excerpt:

RESEARCH Ratings on Cap Gemini S.A. Raised to ###+ From ###-; Outlook Revised to Stable From Positive Publication date: 12-Mar-1999 PARIS (Standard & Poor's CreditWire) March 12, 1999--Standard & Poor's today raised its long-term corporate...

  
Report Type:

Ratings Action

Ticker
CAP@FP
Issuer
Cap Gemini S.A.
GICS
IT Consulting & Other Services (45102010)
Sector
Global Issuers
Country
France
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive" Mar 12, 1999. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Cap-Gemini-S-A-Raised-to-BBB-From-BBB-Outlook-Revised-to-Stable-From-Positive-96575>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings on Cap Gemini S.A. Raised to BBB+ From BBB-; Outlook Revised to Stable From Positive Mar 12, 1999. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Cap-Gemini-S-A-Raised-to-BBB-From-BBB-Outlook-Revised-to-Stable-From-Positive-96575>
  
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