S&P affirms Technip

S&P said it affirmed its BBB+/A-2 corporate credit ratings on Technip.

S&P also placed the BBB corporate credit rating and unsecured debt ratings on FMC Technologies Inc. on CreditWatch with positive implications. The A-2 short-term ratings on FMC are unaffected.

S&P said the affirmation of the ratings on Technip reflects S&P’s assessment of the company’s improved scale and diversity as well as its potentially improved resilience, given many complementary activities and material global synergy opportunities.

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