Constellium: Moody's upgrades rating, with stable outlook
(CercleFinance.com) - Moody's Investors Service announced on Friday that it has upgraded its credit rating on Constellium from "B2" to "B1", while adopting a stable outlook (vs.
positive).
The financial rating agency said that its decision was motivated by the sound operational performance achieved in 2022 by the aluminium manufacturer, whose performance exceeded its forecasts.
Moody's said it particularly noted the group's ability to offset the highly inflationary environment, as well as its disciplined capital allocation.
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positive).
The financial rating agency said that its decision was motivated by the sound operational performance achieved in 2022 by the aluminium manufacturer, whose performance exceeded its forecasts.
Moody's said it particularly noted the group's ability to offset the highly inflationary environment, as well as its disciplined capital allocation.
Copyright (c) 2023 CercleFinance.com. All rights reserved.