Standard & Poor’s on Wednesdayreminded the market that the French carrier is still on CreditWatch by affirminga 14 June ratings reduction that reflected what the agency continues to describeas a “weak liquidity position”.
“We understand that there is adelay in receiving $250m of cash proceeds from the issuance of redeemable bondsto Turkey-based holding company Yildirim Group,” it wrote in today’s alert.
“We
