GdF loses triple-A credit rating ahead of partial IPO

Gaz de France (GdF), the French state-owned gas company earmarked for partial privatisation, has been downgraded by credit rating agency Standard & Poor's ahead of the company's change in ownership structure.

S&P lowered its long-term corporate credit rating for GdF on Friday to double-A from triple-A, its highest rating, following a review initiated in December.

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