S&P Downgrades Worldline to Junk Status amid Revenue Challenges

Worldline SA, located in Paris, is facing a significant hurdle as it has seen its credit rating drop to a non-investment grade by S&P Global Ratings.

S&P reduced the long-term issuer credit rating of Worldline from BBB- to BB and assigned a negative outlook. This decision is based on S&P's anticipation of a revenue decrease of approximately 2% this year.

The downgrade highlights the French payment firm's struggles with supply chain disruptions, specifically related to hardware deliveries, and its choice to cease operations with merchants considered high-risk for its brand.