Casino Shares, Bonds Plumb Lows as S&P May Downgrade to Junk

  • French retailer says committed to its divestment plan
  • Shares slump as much as 5.6%; 2026 bonds set record lows

Casino Guichard-Perrachon shares and bonds slumped after Standard & Poor’s said it’s considering cutting the French grocer’s debt rating to junk, citing concerns about leverage and a poor environment in Brazil and Asia.

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