Scope Ratings Rates Air Liquide A/Positive
L'Air Liquide S.A.
Scope Ratings, a prominent European credit rating agency, has given Air Liquide an “A” corporate issuer rating, as well as an “A” senior unsecured debt rating and a “S-1” short-term rating for all of Air Liquide SA and Air Liquide Finance’s debt instruments.
The issuer rating's outlook is positive. Air Liquide is now rated by three agencies, with Scope Ratings joining Standard & Poor’s and Moody’s. Standard & Poor’s long-term rating is “A,” and Moody’s long-term rating is “A2.” Both agencies' short-term ratings are "A1" and "P1," respectively, and their outlook is "stable."
In its Rating Action Release, Scope Ratings praised Air Liquide's ESG approach and stated that it was a positive factor in its assessment. Air Liquide has a Sustainable Financing Framework that aligns its financing strategy with its sustainability objectives and helps the company contribute to sustainable finance, according to Scope Ratings.
According to Jérôme Pelletan, Chief Financial Officer of Air Liquide Group, Scope Ratings' evaluation of Air Liquide SA and Air Liquide Finance's creditworthiness reflects Air Liquide's strong profitability. By engaging with a variety of credit rating agencies, Air Liquide is responding to investor requests for different opinions on the Group's credit quality.
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Source: Air Liquide