Verallia announces that Standard & Poor’s has upgraded the Group’s long-term credit rating to BBB- with a positive outlook.
The issue rating on the group’s two Sustainability-Linked bonds of EUR 500 millions each, issued on May and November 2021, is also raised to BBB-.
This upgrade is a sign of full recognition of the Group’s financial strength and the robustness of its profitable growth business model.
Verallia is now rated Baa3 by Moody’s with a stable outlook and BBB- by Standard & Poor’s with a positive outlook.
“The upgrade of Verallia’s credit rating by Standard & Poor’s, shortly after the upgrade of the credit rating by Moody’s, confirms the Investment Grade status of the Group. It reflects Standard & Poor’s confidence in our financial policy and in the robustness of our operational performance and profitable growth strategy, reinforced by a clear decarbonation roadmap,” said Nathalie Delbreuve, Chief Financial Officer of Verallia.