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Moodys raises the outlook for Thales’s A2 rating to stable | Photo credits: JP. Defert ©THALES
PARIS (Agefi-Dow Jones)–The rating agency Moody’s on Tuesday raised the outlook for the “A2” credit rating of the technology and defense group Thales from “negative” to “stable”. Moody’s points out that the company recorded a good operational performance during the pandemic, notably generating an adjusted free cash flow of 1 billion euros in 2020 then 1.63 billion last year. The robust order intake in 2021 also gives the company good visibility in terms of revenue and results, the agency also appreciates. ([email protected]) editor: ECH
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Dow Jones Newswires
June 28, 2022 08:29 ET (12:29 GMT)