Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative

Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative
Published Oct 12, 2020
7 pages (2830 words) — Published Oct 12, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

BURGER KING France SAS (BKF) has seen a rapid rebound in its activity and its liquidity position has strengthened following the drawing of an €80 million state-guaranteed line of credit. We are therefore affirming our 'B-' issuer credit rating on BKF, as well as all of our others ratings on the company. At the same time, we are removing these ratings from CreditWatch with negative implications, where they had been placed on April 7, 2020. The negative outlook indicates that the trading environment remains difficult and restaurants could face more-restrictive sanitary measures, which would translate into weaker credit ratios and free operating cash flow (FOCF) generation than we currently foresee. The negative outlook indicates that the trading environment remains difficult

  
Brief Excerpt:

...- BURGER KING France SAS (BKF) has seen a rapid rebound in its activity and its liquidity position has strengthened following the drawing of an 80 million state-guaranteed line of credit. - We are therefore affirming our 'B-' issuer credit rating on BKF, as well as all of our others ratings on the company. - At the same time, we are removing these ratings from CreditWatch with negative implications, where they had been placed on April 7, 2020. - The negative outlook indicates that the trading environment remains difficult and restaurants could face more-restrictive sanitary measures, which would translate into weaker credit ratios and free operating cash flow (FOCF) generation than we currently foresee....

  
Report Type:

Research Update

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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative" Oct 12, 2020. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BURGER-KING-France-SAS-Removed-From-CreditWatch-Negative-Affirmed-At-B-Outlook-Negative-2531982>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: BURGER KING France SAS Removed From CreditWatch Negative, Affirmed At 'B-'; Outlook Negative Oct 12, 2020. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BURGER-KING-France-SAS-Removed-From-CreditWatch-Negative-Affirmed-At-B-Outlook-Negative-2531982>
  
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