Wed 03/27/2024 18:08 PM
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Reporting: Hugh Minch

Moody’s downgraded Altice France to triple-C on Wednesday, March 27, creating headaches for CLOs that have $4.3 billion exposure to the entity’s leveraged loans mere days before the determination date for their first quarter payments in April.

Moody’s downgraded the long-term corporate family rating of Altice France Holdings SA, the parent company of the French telecom provider, from B3 to Caa2 and the outlook remains negative. The downgrade followed comments...
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