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Jan 18 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells analysts following S&P decision to place Casino's debt on creditwatch neative:
* Says Rallye bank debt covenants do not depend on Casino share price or rating.
* Says S&P decision to place Casino's debt on creditwatch negative has no impact on Rallye's bank debt covenants
* Says there are no covenants on Rallye bonds
* Says Casino is confident in Brazil's GPA unit ability to deliver a good performance in 2016
* Says priority for 2016 is to maintain a positive free cash flow in all Casino's Brazilian activities Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)