Financial debt

The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank loans, confirmed and unconfirmed credit facilities, commercial paper program, etc.

For medium- to long-term funding, the Group uses bonds. The maturity profile of the debt portfolio is spread over several years. The Group Treasury frequently assesses its funding resources taking into account its own credit rating and general market conditions. For more information on this subject, visit our Eurobonds page.

Credit rating

Standard & Poors

Long term rating: BBB+
Outlook: Stable 
Last update: 19/09/2016
Short term rating: A-2