EQT-Backed Colisee Downgraded on Risk of Interest-Payment Delay

Colisee Group, the French nursing home operator owned by private equity firm EQT Group, was downgraded further into junk by Moody’s Ratings after it requested to defer an interest payment due to creditors next month.

The ratings company on Friday cut the Paris-based company to Caa2 from B3 and said the outlook remains negative, indicating it could be lowered further. Colisee requested to defer an interest payment to the third quarter of 2025 on the back of weak liquidity and a delay in planned asset disposals, Moody’s said.

“This is a material deviation from our expectations of gradual recovery ...