SUEZ confirms its financial strength and welcomes Moody’s decision to convert its provisional Baa2/P2 with a stable outlook into a ‘definitive’ one
According to Moody’s, SUEZ’ Baa2/P2 ratings are supported by:
- the group’s scale and positioning, with its assets generating revenue in excess of €7.5 billion in 2021;
- the low-risk profile of its water business, which provides essential services to many low-risk counterparties in the public sector;
- the diversification of its revenue base by business, contract type and by geography;
- the strong integration across the value chain of water, sewage and waste treatments;
- underlying positive structural dynamics with tightening regulations on water and waste that will benefit from higher expertise and the rising sophistication in operations.
I am delighted by Moody’s decision to assign Baa2/P2 ratings to SUEZ with stable outlook. These ratings reflect the fulfillment of the commitments of SUEZ and its shareholders in the first ratings assigned to the Group in its new scope: SUEZ is a leading market player with Water and Recycling & Recovery businesses backed by a technological portfolio and extensive environmental expertise. This rating acknowledges our Group’s financial robustness which relies on activities supported by favourable markets and regulatory trends, as well as a business mix providing stability and visibility over our cashflow generation
Sabrina Soussan , Chairman and CEO of SUEZ