Skip to main content
Air Liquide
Air Liquide worldwide
Please select

Engineering & Construction

View

Large projects

View

日日夜夜撸Quick Access

Investors credit ratings

Credit ratings

A regular assessment by S&P and Moody's

Air Liquide’s credit ratings are based upon its credit worthiness and its ability to repay its debt. The Group is regularly assessed by the credit rating agencies Standard & Poor’s and Moody’s.

Air Liquide’s credit ratings

Agencies Analyst Short-term
rating
Long-term
rating
Outlook
S&P Gaetan Michel A-2
July 22, 2019
A-
July 22, 2019
Positive
July 22, 2019
Moody's Moritz Melsbach P2
June 28, 2019
A3
June 28, 2019
Stable
June 28, 2019

?

Standard & Poor's

S&P long term credit ratings history:

Rationales behind S&P A- rating are excellent Business Risk as well as adequate Liquidity and a significant Financial Risk. S&P puts a strong focus on Air Liquide‘s earnings resilience and stable cash flow generation when analyzing the company's profitability and financial metrics. S&P views Air Liquide's profitability as less volatile than that of most specialty chemical companies.

The “Positive” outlook means that S&P could increase Air Liquide’s rating in the next 12 to 24 months if the FFO/Net debt ratio improves sustainably to 30% or higher.

日日夜夜撸The agency rates corporate issuers as follows:

  • Long-term ratings, in decreasing order: AAA (best), AA, A, BBB, BB, B, CCC, CC, C, D, SD (Selectively Defaulted). The rating is completed by + or -. Companies with ratings above BB+ are considered investment grade and those below non investment grade
  • Short-term ratings, in decreasing order: A-1+ (best), A-1, A-2, A-3, B, C, D

Moody's

Moody’s long term credit ratings history:

Moody’s rated Air Liquide’s long-term credit for the first time on May 24, 2016.

Rationales behind Moody’s A3 rating are stable and predictable cash flow generation supported by high barriers to entry, the low exposure to cyclical end-markets, ongoing efficiency gains and the ability to pass on most of increased input costs to Large Industries customers through price escalation clauses.

日日夜夜撸This rating reflects also Air Liquide’s revenue and profit resilience thanks to a strong end-market diversification.

日日夜夜撸Moody’s expects that Air Liquide will continue to balance growth capex and acquisition spending, shareholder remunerations and deleveraging.

The stable outlook reflects that Moody’s expects Air Liquide to continue to reduce its leverage and to generate substantial cash over the next 18 months.

The agency rates corporate issuers as follows:

  • Long-term ratings, in decreasing order: Aaa (best), Aa, A, Baa, Ba, B, Caa, Ca, C (Selectively Defaulted). The rating is completed by an 1 (best in the category), 2 or 3. Companies with ratings above Ba1 are considered investment grade and those below non investment grade
  • Short-term ratings, in decreasing order: P-1 (best), P-2, P-3, Not Prime
青青青草网站免费观看 青青草视频在线观看 久久在线视频 淫色淫色-手机在线视频频道-全球最大成人免费黄色在线视频中文网 色姑娘久久 综合网天天 久久综合久久爱 re6热精品日日夜夜撸 97人人模人人爽人人喊,97人人模人人爽人人喊下载播放,97人人模人人爽人人喊免费 先锋影音官网_影音先锋a资源2019_影视先锋AV资源站男人 2019久久爱_久久爱视频_久久爱在线av_久久爱影院_久久爱影视_久久日 久久久这里有的精品10_2019 最新久久久精品欧美 插菊花综合网,色综合,热中文热国产热综合,色综合a在线,伊人综合 亚洲 图片另类欧美_亚洲中文无码永久免费_另类 专区 欧美 制服_亚洲成在人线免费视频