S&P affirms Wendel

S&P said it affirmed its BBB-/A-3 long- and short-term issuer credit ratings on Wendel.

The outlook is stable.

At the same time, the agency affirmed the BBB- and BBB-p issue ratings on Wendel's senior unsecured debt.

“The affirmation follows our review of Wendel's financial risk profile, which in our view has improved since 2017, owing to a decline in consolidated debt (holding and investees) and despite strong portfolio dynamism,” S&P said in a news release.

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