Fitch affirms Vinci

Fitch Ratings said it affirmed the ratings of Vinci SA at senior unsecured BBB+ and short-term F2. The outlook is stable.

Fitch said the ratings reflect Vinci's leading market positions in Europe, sizeable concession sector activities and financial flexibility.

The group's diversified concessions portfolio generates strong, predictable cash flows, offsetting the more cyclical nature of the group's other operations, Fitch said.

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