20231108 - Worldline - Statement post S&P rating decision
08 Novembre 2023 - 8:32PM
20231108 - Worldline - Statement post S&P rating decision
Rating change to BBB- by S&P Global
Ratings Worldline maintains Investment
Grade
Paris La Défense, 08 November 2023 –
S&P Global Ratings (S&P) lowered the issuer credit rating
of Worldline (the “Company”) from BBB to BBB-, with a stable
outlook.
The company takes note of the decision, which is
driven by a longer than expected deleveraging process. S&P’s
perception of Worldline as a solid business remains intact, while
the group's liquidity level is classified as "exceptional".
This rating change should have marginal impacts
on the company’s financing.Worldline benefits from ample liquidity
resources (€1.2bn cash position and undrawn €1bn RCF as at Jun-23)
and faces no short-term maturities as 2024 bonds have already been
pro-actively addressed via a new bond issuance in September 2023
and bonds buyback.
Worldline remains committed to maintaining its
investment grade rating, strong liquidity, and deleveraging through
focus on profitable organic growth and integration.
FORTHCOMING EVENTS
- February 28,
2024 FY
2023 results
INVESTOR RELATIONS
Laurent MarieE
laurent.marie@worldline.com
Guillaume DelaunayE
guillaume.delaunay@worldline.com
COMMUNICATION
Sandrine van der GhinstE
sandrine.vanderghinst@worldline.com
Hélène CarlanderE
helene.carlander@worldline.com
ABOUT WORLDLINE
Worldline [Euronext: WLN] helps businesses of
all shapes and sizes to accelerate their growth journey – quickly,
simply, and securely. With advanced payments technology, local
expertise and solutions customised for hundreds of markets and
industries, Worldline powers the growth of over one million
businesses around the world. Worldline generated a 4.4 billion
euros revenue in 2022. worldline.com
Worldline’s corporate purpose (“raison d’être”)
is to design and operate leading digital payment and transactional
solutions that enable sustainable economic growth and reinforce
trust and security in our societies. Worldline makes them
environmentally friendly, widely accessible, and supports social
transformation.
- 20231108 - Worldline - Statement post S&P rating
decision
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