S&P lifts Veolia to stable

Standard & Poor’s said it revised the outlook to stable from negative on Veolia Environnement SA.

The agency also said it affirmed the BBB long-term and A-2 short-term corporate credit ratings.

The outlook revision reflects a view that the turnaround in Veolia’s profitability and credit metrics is sustainable, S&P said.

In 2014, Veolia posted stronger earnings and credit metrics than anticipated in previous base-case scenarios, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.