Thales: Moody's upgrades outlook
(CercleFinance.com) - The Thales share is up 0.
2%, while Moody's has said that it has upgraded its "negative" outlook on the group's credit ratings ("A2" for LT and "P" for ST), to "stable," a decision that reflects a number of factors.
Despite the acquisition of Gemalto at an enterprise value of 5.6 billion euros, the rating agency believes that the group's key credit parameters will not deteriorate significantly compared to previous expectations.
Jeanine Arnold, the analyst in charge of this ratings says that the acquisition itself is not excessively complex, and should accelerate Thales' digital strategy, transforming the group into a global leader in digital security.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2%, while Moody's has said that it has upgraded its "negative" outlook on the group's credit ratings ("A2" for LT and "P" for ST), to "stable," a decision that reflects a number of factors.
Despite the acquisition of Gemalto at an enterprise value of 5.6 billion euros, the rating agency believes that the group's key credit parameters will not deteriorate significantly compared to previous expectations.
Jeanine Arnold, the analyst in charge of this ratings says that the acquisition itself is not excessively complex, and should accelerate Thales' digital strategy, transforming the group into a global leader in digital security.
Copyright (c) 2019 CercleFinance.com. All rights reserved.