S&P revises Seche Environnement view to positive

S&P said it revised its outlook on Seche Environnement SA to positive from stable and affirmed the BB long-term issuer credit rating, as well as the BB issue rating on its senior unsecured bond.

Seche Environnement has demonstrated the resilience of its business model over the last 12 months, with S&P Global Ratings-adjusted EBITDA declining by 90 basis points to 18.2%, despite skyrocketing energy prices and strong wage inflation, S&P said in a news release.

“Seche is among the most profitable and stable waste servicers that we rate in terms of our adjusted EBITDA margins,” S&P noted.

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