Air Liquide is rated A/Positive by Scope Ratings
May 09 2023 - 2:45AM
Business Wire
Regulatory News:
Scope Ratings, the leading European credit rating agency,
issued an “A” corporate issuer rating to Air Liquide
(Paris:Al), as well as an “A” senior unsecured debt
rating and a “S-1” short-term rating to all debt instruments issued
by Air Liquide SA and Air Liquide Finance. The outlook associated
with the issuer rating is positive.
Scope Ratings, which is regulated by ESMA, the European
Securities and Markets Authority, becomes from now on the third
rating agency for the Group. Air Liquide is also rated by Standard
& Poor’s and Moody’s. The long-term rating from Standard &
Poor’s is “A” and from Moody’s is “A2”. The short-term ratings are
“A1” for Standard & Poor’s and “P1” for Moody’s. Both Credit
Rating Agencies have a “stable” outlook on their ratings.
In its Rating Action Release, Scope Ratings included an
evaluation of Air Liquide's ESG approach and considered it a
positive factor in its assessment. “Air Liquide has established a
Sustainable Financing Framework to align its financing strategy
with its sustainability objectives and to contribute to the
development of sustainable finance”, the company wrote in its
report.
Jérôme Pelletan, Chief Financial Officer of Air Liquide
Group, said: “Scope’s ratings on Air Liquide SA and Air Liquide
Finance reflect in particular Air Liquide’s strong profitability.
By adding Scope Ratings to its credit rating agencies, Air Liquide
is responding to investors’ requests for a variety of opinions on
the Group's credit quality.”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros
in 2022. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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