Moody's rates Suez Environnement A3

Moody's Investors Service said it assigned first-time A3 long-term and prime-2 short-term senior unsecured issuer ratings to Suez Environnement Co. SA.

The outlook is stable.

The company remains controlled through a shareholder agreement by GDF Suez, operates in the relatively low-risk water and waste industries and has strong positions in its core markets, Moody's said.

The rating takes into account that management's strategy should continue to focus on long-term profitable and cash generative growth through capital investment and a leverage limit defined by net debt-to-EBITDA ratio of less than 3x, the agency said.

The rating is underpinned by the group's long track record and leading positions in many of its markets, Moody's added.

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