CORRECTING and REPLACING Standard & Poor's Raises Vivendi Universal Back to Investment Grade.Business Editors CORRECTION...by Vivendi
VIVENDI® is a software package for care management and staff organisation published by the German software company CONNEXT and introduced in 1995. Universal PARIS--(BUSINESS WIRE)--June 1, 2004 In BW5714 issued June 1, 2004: First graph, second sentence of release should read: For Standard & Poor's, therefore, Vivendi Universal is now back to investment grade, the category from which it was dropped in August 2002 (sted For Standard & Poor's, therefore, Vivendi Universal is now back to investment grade, the category from which it was dropped in July 2002). Second graph, first sentence of release should read: Last month, following the announcement of the finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of the NBC-Universal transaction, Fitch fitch: see polecat. gave Vivendi Universal a rating for the first time (sted Last month, following the announcement of the finalization of the VUE/NBC merger, Fitch gave Vivendi Universal a rating for the first time). The corrected release reads: STANDARD & POOR'S RAISES VIVENDI UNIVERSAL BACK TO INVESTMENT GRADE Vivendi Universal (Paris Bourse Paris Bourse National stock market of France. : EX FP)(NYSE NYSE See: New York Stock Exchange :V) was pleased to learn of Standard & Poor's decision announced this morning to raise its short- and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. credit notes to BBB-/A-3 from the previous BB/B. For Standard & Poor's, therefore, Vivendi Universal is now back to investment grade, the category from which it was dropped in August 2002. Last month, following the announcement of the finalization of the NBC-Universal transaction, Fitch gave Vivendi Universal a rating for the first time. The company's debt was rated BBB-, also placing Vivendi Universal in the investment grade category. Commenting on this news, Jacques Espinasse, Senior Executive Vice President and Chief Financial Officer of Vivendi Universal, said: "The decision taken by Standard & Poor's is a significant step towards full recognition of the work done by the company over almost two years to restructure, focus, improve the management and increase the value of its strategic assets in the Media and Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. sectors." |
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