on VALLOUREC (EPA:VK)
Vallourec obtains "Investment Grade" rating from rating agencies
On April 16, 2025, Vallourec, a global specialist in seamless tubular solutions, announced a positive change to its credit rating. Fitch Ratings assigned the company a BBB- rating, placing Vallourec in the investment grade category for the first time since 2015. Moody's upgraded its rating from Ba2 to Ba1, while S&P Global maintained its BB+ rating but improved its outlook from neutral to positive.
Fitch highlights Vallourec's industrial optimization and cost reductions. S&P appreciates the company's increased resilience to cycles, while Moody's notes the successful transformation of its portfolio toward higher value-added products. Philippe Guillemot, Vallourec's CEO, believes these improvements confirm the success of the New Vallourec plan, launched in 2022, aimed at strengthening the company's competitiveness and financial strength.
R. P.
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