Casino Guichard-Perrachon SA

The Eligible Market Participant who submitted the DC Question provided the following documents in support of their question:

Casino announcement of 21 June regarding standstill of interest payments: https://www.groupe-casino.fr/wp-content/uploads/2023/06/2023-06-21-PR-Update-on-the-conciliation-proceedings.pdf
Moody’s article of 18 August appending limited default to Casino after payment default on the 2026 Notes: https://www.moodys.com/research/Moodys-appends-limited-default-LD-to-Casino-after-payment-default--PR_479529?cy=fra&lang=fr
Bloomberg article of 18 August referencing Moody’s announcement: https://blinks.bloomberg.com/news/stories/RZKWLPTP3SHS

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Additional Information

Issue Number:

2023081801

Submitted by:

General Interest Question

Category:

Credit Event

Coverage Election:

2014 Definitions

Status:

Closed

Outcome:

Question Decided
Procedural History
- Closed
  
  DC Decision
  EMEA DC Meeting Statement – 22 August 2023
  The EMEA DC considered the information that was submitted consisting of (i) an announcement of the Reference Entity dated 21 June 2023; (ii) a Moody’s announcement; and (iii) a Bloomberg link relating to the Moody’s announcement.
  The EMEA DC noted that an announcement by Moody’s is not one of the designated types of information capable of satisfying the requirements in Section 2.1(b) of the DC Rules (Publicly Available Information) which in turn cross refers to Section 1.35 of the 2014 Definitions. The EMEA DC also noted that (i) the announcement of the Reference Entity was too preliminary in nature to satisfy such requirements; and (ii) if information published by Public Sources will be used to satisfy such requirements, then two separate Public Sources are required.
  Therefore, the EMEA DC concluded that it had not received Publicly Available Information that satisfies the requirements of Section 2.1(b) of the DC Rules for a Credit Event with respect to the Reference Entity.
  8/22/2023 01:40pm EDT
- Request Accepted by DC
  
  8/21/2023 07:20am EDT
- Pending DC Consent
  
  8/18/2023 11:05am EDT