The rating agency Fitch Ratings announced today that it placed on negative watch the long-term rating of Saint-Gobain (“BBB”), following the announcement by the French group of building materials of its project acquisition of Swiss Sika.
The decision “reflects the uncertainty surrounding the debt profile of Saint-Gobain following the acquisition Sika and execution risk on the sale of the packaging unit Verallia offsetting payment Sika “said the agency in a statement.
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