(CercleFinance.com) – On the sidelines of the publication of its annual results, Nexans announces that S&P Global Ratings has raised its long-term credit rating and that of senior unsecured debt from ‘BB’ to ‘BB+’, accompanied by a ‘stable’ outlook.
“As Nexans builds its new strategic vision: to become a ‘Pure Player’ in electrification, this recognition is key to supporting our ambition,” comments its financial director Jean-Christophe Juillard.
In 2021, the cable manufacturer exceeded its objectives, notably achieving cash generation of 179 million euros, and an all-time low for its net debt of 74 million, thanks to rigorous management of working capital and to cash generation.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
