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CGG Receives S&P Debt Upgrade
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S&P upgrades CGG's long-term debt rating from 'CCC+' to 'B-' in light of improved financial performance. CFO highlights alignment with company's financial plans. CGG to announce Q1 2024 results on May 14, 2024, with a global workforce of around 3,500.
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How does CGG's debt upgrade reflect broader trends in the technology and HPC sectors?
How might the upgraded credit rating impact CGG's ability to secure financing for future projects?
What specific financial metrics contributed to the improved performance leading to the upgrade?
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