Casino Moves to Reassure Investors After S&P Negative Watch

  • The French retailer says it is committed to its disposal plan
  • The group has 3.5 billion euros of unused credit lines

Casino Guichard-Perrachon said it would work with Standard and Poor’s to conduct a review of its credit rating after the rating agency placed it under negative watch, citing concerns about the French retailer’s debt and a poor environment in Brazil and Asia.

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