Financial Times FT.com

Adecco dips after credit rating queried

By Courtney Weaver

Published: October 20 2009 12:03 | Last updated: October 20 2009 19:50

Shares in Adecco fell on Tuesday as the employment group’s long-term credit rating was called into question after it agreed to buy a US rival.

Standard & Poor’s placed the Swiss-based company’s rating on CreditWatch negative after Adecco agreed to acquire US rival MPS Group for €782m.

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