ALSTOM SA: Moody's Investors Service confirms Alstom's Baa3 long-term issuer rating. Credit outlook lowered to negative from stable. Alstom reaffirms its commitment to an Investment Grade rating.

Moody's Investors Service confirms Alstom's Baa3 long-term issuer ratingCredit outlook lowered to negative from stableAlstom reaffirms its commitment to an Investment Grade rating 12 October 2023– The credit rating agency Moody's Investors Service has on 12 October decided to confirm Alstom's Baa3 long-term issuer rating. It has lowered its credit outlook to Negative from Stable. The details of the action taken by Moody's are as follows:  AlstomMoody's rating ...

Levallois Perret, 12/10/2023 (informazione.news - comunicati stampa - industria)

Moody's Investors Service confirms Alstom's Baa3 long-term issuer rating

Credit outlook lowered to negative from stable

Alstom reaffirms its commitment to an Investment Grade rating 

12 October 2023 – The credit rating agency Moody's Investors Service has on 12 October decided to confirm Alstom's Baa3 long-term issuer rating. It has lowered its credit outlook to Negative from Stable. The details of the action taken by Moody's are as follows: 

                                                             Source  :Moody's Investors Service.   

Moody's methodology:  

Moody's is using the Global Manufacturing Companies rating methodology (published in 2021) to rate Alstom. Under this methodology, some factors (using Moody's specific calculation) are weighted in order to assess the final rating of the Group.  

Factors that could lead to a downgrade:  

Source  :Moody's Investors Service.

Factors that could lead to an upgrade:  

Source  :Moody's Investors Service.

Alstom anticipates the change in credit outlook will have no impact on its ability to access short-term financing and contract execution. The Group reaffirms its commitment to an Investment Grade rating. On 4 October 2023, the Group confirmed its mid-term targets regarding sales growth, book-to-bill, profitability and cash generation. 

Alstom will publish its full set of results for the first half of fiscal year 2023/24 on 15 November 2023 followed by an analyst and investor call hosted by Chairman & CEO, Henri Poupart-Lafarge, and CFO, Bernard Delpit. 

 

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