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Moodys upgrades Saint-Gobain’s rating to Baa1, outlook stable | Photo credits: © Saint-Gobain, Ph. Manuel Bougot
PARIS (Agefi-Dow Jones)–Moody’s on Wednesday raised Saint-Gobain’s rating from “Baa2” to “Baa1”, with a stable outlook, the rating agency hailing “the strong operational performance in 2021 and the sustained momentum of the first months of 2022” of the manufacturer of building materials. “The company has improved its credit metrics and reduced leverage to levels not seen in the past decade,” Moody’s said in a statement. ([email protected]) editor: JEB
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June 15, 2022 13:58 ET (17:58 GMT)