Nexans announced that S&P Global Ratings revised its outlook from stable to positive and confirmed its ‘BB+’ rating.
“ Nexans’ operating performance has improved, thanks to progress made in its transformation plan, which focuses on electrification and achieving higher and more stable cash flows. ”
S&P Global Ratings
“ S&P’s decision to upgrade Nexans’ credit rating outlook reflects the largely demonstrated transformation of the Group since 2019 and our value growth focus. It also underlines Nexans’ resilience and capacity to strengthen its balance sheet in line with its Electrification Pure Player strategic roadmap. ”
NEXANS’ CHIEF FINANCIAL OFFICER