Cap Gemini attacks S&P over junk rating

Cap Gemini has attacked Standard & Poor's for its second downgrade in less than three months which reduced the rating of the French information technology group to junk.

Cap Gemini said: "Cap Gemini expresses its strong disagreement with [S&P's] opinion, given that during its discussions with S&P, it had shown evidence of the operating performance improvement witnessed in the last months as well as of its sound capital structure."

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