S&P lifts SUEZ to stable

Standard & Poor’s said it revised the outlook to stable from negative on GDF SUEZ SA and its subsidiary, GIE Suez Alliance.

The agency also said it affirmed the A/A-1 long- and short-term corporate credit ratings on GDF SUEZ and an A long-term corporate credit rating on GIE Suez Alliance.

The outlook revision chiefly reflects a view that continuously depressed European energy markets – even combined with recent unfavorable weather conditions – won’t significantly or sustainably weaken GDF SUEZ’s cash flow generation and credit metrics, S&P said.

The outlook revision also considers the group’s strategic focus on growth and updated financial policy over 2014 to 2016, which will support the group’s business risk profile and help to strengthen its financial risk profile, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.