Fitch affirms Thales

Fitch Ratings said it affirmed Thales SA's long-term issuer default rating and senior unsecured ratings at BBB+ and short-term issuer default rating at F2.

The outlook is stable.

The ratings reflect Thales' strong position in the defense electronics market and its long-term commercial ties with the French and United Kingdom defense ministries, which have the two largest defense budgets in Europe, Fitch said.

But the agency noted that these two markets, like most western European countries, face pressure in terms of their defense spending in the medium term.

© 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.