November 18, 2024 11:11 GMT
CONSUMER STAPLES: ITM Entreprises; S&P initiates (x3)
CONSUMER STAPLES
(ITMENT; NR/BBB- Neg) (private co)
- Diverging primary performance
- new ITM29s +4.5pts now vs. Auchan 28s -10pts
- and perhaps displaying the power of ratings for private co's
- more starkly demonstrated by German Otto pulling it's deal in June
33 words