Eyes turn to Rallye lenders after Casino shares plummet

Rallye’s ability to access credit lines ahead of looming debt maturities came sharply into focus after further share price falls in Casino, in which it holds the largest stake and would act as collateral.

Officials at Rallye’s lenders think it is highly unlikely the company would be cut off from its credit lines, a view echoed by some analysts given the group’s strong relationship with its French lenders.

http://www.ifre.com/eyes-turn-to-rallye-lenders-after-casino-shares-plummet/21355266.article

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