Moody's raises its credit rating on VINCI to A3 with stable outlook

26 May 2016 - 5:59 pm - Finances

Moody's raises its credit rating on VINCI to A3 with stable outlook

Rating agency Moody's has raised its long-term credit rating on VINCI by one notch, from Baa1 to A3. It has also raised its short-term rating on VINCI by one notch, from P-2 to P-1. The outlook on both ratings remains stable.

ASF, a VINCI subsidiary that operates motorway concessions, also benefits from the upgrade, since its credit ratings are identical to those of its parent company.

The upgrade brings Moody's long-term rating into line with that of Standard & Poor's (A- since March 2014) and confirms VINCI's credit quality.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.