Veolia: Moodys confirms rating, stable prospects
(CercleFinance.com) - While Veolia plans to buy Engie's 29.
9% stake in Suez, Moody's expects Veolia to adopt “mitigating measures including disposals, in order to cushion the negative impact on financial metrics” from this acquisition.
The rating agency meanwhile considers that the acquisition of Suez will allow Veolia to increase its international presence and above all to create “one of the largest groups in global environmental services” with revenues exceeding 40 billion euros and EBITDA close to 7 billion.
In this context, Moody's confirms its Baa1 rating over the long term, with stable prospects.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
9% stake in Suez, Moody's expects Veolia to adopt “mitigating measures including disposals, in order to cushion the negative impact on financial metrics” from this acquisition.
The rating agency meanwhile considers that the acquisition of Suez will allow Veolia to increase its international presence and above all to create “one of the largest groups in global environmental services” with revenues exceeding 40 billion euros and EBITDA close to 7 billion.
In this context, Moody's confirms its Baa1 rating over the long term, with stable prospects.
Copyright (c) 2020 CercleFinance.com. All rights reserved.