(CercleFinance.com) – Plastic Omnium announces that S&P has assigned it a ‘BB+’ long-term credit rating with a ‘stable’ outlook, a position supported by a global leadership position in its main activities and record order intake .
The American rating agency also highlights ‘operational performance illustrated by recurring generation of cash flow’, as well as a ‘sound financial policy with particular attention to debt reduction’.
According to the automotive supplier, this long-term credit rating will allow it to further diversify its sources of financing, improve its access to capital markets and manage its debt maturities in accordance with its strategy.