doValue, S&P and Fitch confirm “BB” rating and “Stable” outlook on Gardant purchase

doValue SP and Fitch confirm BB rating and Stable outlook

(Finance) – S&P Global Ratings And Fitch Ratings have confirmed the Issuer Credit Rating and Issuer Default Rating of doValue to “BB”, with outlook
“Stable”, following the announcement of the binding agreement to acquire Gardant.

The confirmation of the rating and outlook, we read in a note, reflect the forecasts according to which “the integration of Gardant will allow
to doValue to reduce leverage.”

The Company, concludes the note, “continues to work towards an orderly closing of the acquisition within the expected timescales”.

tlb-finance