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France-Based Sodexo Outlook Revised To Positive On Better Than Expected Operating Performance; 'BBB+' Rating Affirmed Feb 13 Product Image

France-Based Sodexo Outlook Revised To Positive On Better Than Expected Operating Performance; 'BBB+' Rating Affirmed Feb 13

  • ID: 2417846
  • February 2013
  • Standard & Poors

Abstract
France-based on-site and benefit services provider Sodexo has been outperforming our expectations for the past fiscal year, and fundamentals remain solid in spite of macroeconomic uncertainties. We believe acquisition spending and returns to shareholders will remain moderate, given management's demonstrated financial discipline. We are therefore revising our outlook on Sodexo to positive from stable and affirming our 'BBB+' long-term corporate credit and issue ratings on the company. The positive outlook reflects our view that Sodexo will continue to deliver robust operating performance, despite the current uncertain economic climate. PARIS (Standard & Poor's) Feb. 18, 2013--Standard & Poor's Ratings Services today said it revised its outlook on France-based on-site and benefit services provider Sodexo to positive from stable. At the same...

Companies mentioned in this report are:
- Sodexo
- Sodexo Inc.

Action: Affirmed
Action: Outlook: Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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