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Vallourec: S&P Global upgrades LT credit rating

(CercleFinance.com) - S&P Global has upgraded Vallourec's long-term credit rating from "B+" to "BB-" with a positive outlook.


S&P Global affirmed its "BB-" senior unsecured bond rating and also affirmed its "B" rating on its commercial paper program.

S&P Global's positive outlook reflects its assumptions of higher gross operating income (GOI) in 2023 compared to 2022 and a reduction in net debt in the coming years, it said.


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