Skip to main content

Moody’s Rating Upgraded to “Caa2 from Caa3” with Stable Outlook

Written by Customer Service on . Posted in Public Companies.

Press Release   Moody’s Rating Upgraded to “Caa2 from Caa3” with Stable OutlookParis (France), 30 September 2020 – Technicolor (Euronext: TCH; OTCQX: TCLRY) welcomes its corporate rating upgrade by Moody’s to “Caa2” with stable outlook, and the rating of its new debt as “Caa1”.This upgrade follows that of S&P to “CCC+” (corporate rating) and to “B” (new debt) and reflects the successful completion of the Group’s financial restructuring, through which it has obtained €420 million (net of fees) of new financing, and has deleveraged via the equitization of €660 million of debt.As previously stated, Technicolor now has a significantly strengthened balance sheet, with cash to meet the needs of the Covid crisis and beyond.Richard Moat, Chief Executive Officer of Technicolor, stated:“Within a few days we have been upgraded by both S&P and Moody’s. We are very pleased by these improvements in our credit ratings which reflect the restoration of a sound financial structure for our company. Technicolor is poised to return to delivering profitable growth, cash generation and value creation for shareholders on a sustainable basis.”###About Technicolor:                                             www.technicolor.comTechnicolor shares are admitted to trading on the regulated market of Euronext Paris (TCH) and are tradable in the form of American Depositary Receipts (ADR) in the United States on the OTCQX market (TCLRY).Investor RelationsChristophe le Mignan: +33 1 88 24 32 83
Christophe.lemignan@technicolor.comMedia ContactLaurent Poinsot: +33 1 53 70 74 77
lpoinsot@image7.frVictoire de Brebisson: +33 1 53 70 65 39
vdebrebisson@image7.fr Attachment09-30-2020_Moody’s Upgrade_VUS

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.