Fitch affirm Vinci

Fitch Ratings said it affirmed Vinci SA's long-term issuer default rating and senior unsecured ratings at BBB+, along with its short-term issuer default rating at F2.

The outlook is stable.

The ratings reflect the track record and stable earnings of the concession business that is supported by a stable tariff framework, Fitch said.

They also consider cash-flow support from its short-cycle asset-light contracting business, the agency said.

The ratings also reflect continued satisfactory performance from the contracting business, Fitch added.

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