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Brief: Moody's affirms Sodexo's Baa1 ratings but cuts outlook to 'negative' from 'stable'

April 21 (Reuters) - Sodexo SA EXHO.PA:

MOODY'S: AFFIRMS SODEXO'S BAA1 RATINGS; OUTLOOK CHANGED TO NEGATIVE VS STABLE

The negative outlook reflects our expectations that it will take time to restore a stronger operating performance and that, as a consequence, the company's operating profit will remain below historical average over the next 12-18 months, added Moody's.

Source text: ID:nMDY5CDmrf

Further company coverage: EXHO.PA

 (Reporting by Sudip Kar-Gupta)

 ((sudip.kargupta@thomsonreuters.com;))

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