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Moody's raises its credit rating on VINCI to A3 with stable outlook

26 May 2016 - 5:59 pm

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Moody's raises its credit rating on VINCI to A3 with stable outlook

Rating agency Moody's has raised its long-term credit rating on VINCI by one notch, from Baa1 to A3. It has also raised its short-term rating on VINCI by one notch, from P-2 to P-1. The outlook on both ratings remains stable.

ASF, a VINCI subsidiary that operates motorway concessions, also benefits from the upgrade, since its credit ratings are identical to those of its parent company.

The upgrade brings Moody's long-term rating into line with that of Standard & Poor's (A- since March 2014) and confirms VINCI's credit quality.