S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch - S&P Global Ratings’ Credit Research

S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch

S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch - S&P Global Ratings’ Credit Research
S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch
Published Feb 02, 1996
Published Feb 02, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON -- Standard&Poor's CreditWire 2/2/96 -- Standard&Poor's lowers its long-term rating on Cap Gemini Sogeti's (CGS) to triple-`B'- minus from triple-`B'. The rating is removed from CreditWatch, where it was placed Jan. 11, 1996, following CGS's announcement of its merger with its parent, Sogeti S.A., along with a new shareholding structure. The outlook is now stable. This rating action assumes approval of the merger by the U.S. Federal Reserve Bank, given Deutsche Bank's (rated triple-`A'/`A-1'-plus) 24% stake in Daimler Benz AG (rated single-`A'-plus/`A-1'), which will own 24.9% of the new entity through its service subsidiary, Debis. Apart from Daimler, major shareholders are French-based conglomerate Compagnie Generale d'Industrie et de Participations (CGIP) with 24.8% and the founder,

  
Report Type:

Ratings Action

Ticker
CAP@FP
Issuer
GICS
IT Consulting & Other Services (45102010)
Sector
Global Issuers
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch" Feb 02, 1996. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Rtg-on-Cap-Gemini-Sogeti-Off-CreditWatch-76492>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Lowers Rtg on Cap Gemini Sogeti; Off CreditWatch Feb 02, 1996. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Rtg-on-Cap-Gemini-Sogeti-Off-CreditWatch-76492>
  
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