Atos Saga Has Sting in the Tail for the ECB
The central bank is set to take a loss on €513 million of Atos bonds it bought as part of its QE program
The Atos SE headquarters in the Bezons suburb of Paris
Photographer: Anita Pouchard Serra/BloombergWelcome to The Brink. I’m Irene Garcia Perez, a reporter in New York, where I’ve been following the latest tribulations at Atos. We also have news on emerging CMBS trouble and home sales at China Vanke. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @irenegperez.
When the European Central Bank put in place its quantitative easing program during the cheap money era to support companies, there was always a risk that some of the investments in the higher quality borrowers might turn sour. That risk is becoming a reality as French IT services firm Atos moves to restructure its debt pile.