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TECHNOLOGY: Worldline EUR 28s Wide Of Double-B BVAL Curve

TECHNOLOGY

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Worldline’s EUR 28s are ~10bps wider again today sit wide of the double-B Corp BVAL curve despite. We note that the Friday’s revision brings the name further below the expectations tied to S&P’s stable outlook and look at what consensus figures imply for company-reported leverage (with the caveat that consensus won’t yet reflect any changes on Friday’s guidance/CEO change). 

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NR/BBB-

Worldline’s EUR 28s are ~10bps wider again today sit wide of the double-B Corp BVAL curve despite. We note that the Friday’s revision brings the name further below the expectations tied to S&P’s stable outlook and look at what consensus figures imply for company-reported leverage (with the caveat that consensus won’t yet reflect any changes on Friday’s guidance/CEO change). 

Keep reading...Show less