Fitch revises Veolia view to stable

Fitch said it revised Veolia Environnement SA's outlook to stable from positive, while affirming the waste management company's long-term issuer default rating and senior unsecured rating at BBB.

The revision of the outlook to stable reflects higher than previously expected leverage and slower deleveraging trend, Fitch said.

Also, “An input error for factoring and minority dividends for 2016 led to an inflated forecast for funds from operations (FFO) and consequently lower leverage and its faster reduction in our previous rating case,” the agency said in a news release.

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