VALLOUREC RECEIVES INVESTMENT GRADE RATING FROM MOODY'S AND S&P

Core Insights - Vallourec has received Investment Grade ratings from Moody's, S&P Global, and Fitch, indicating robust financial health and improved cash generation capabilities [1][2][6] Group 1: Credit Ratings - Moody's upgraded Vallourec's issuer rating from Ba1 to Baa3, reflecting successful strategic transformation and cost reduction since 2022 [1][6] - S&P Global upgraded Vallourec's long- and short-term issuer credit ratings from BB+/B to BBB-/A-3, citing sustainable margin improvements and resilience despite macroeconomic uncertainties [1][6] Group 2: Strategic Outlook - The company anticipates continued cash conversion improvement as restructuring costs decrease, supporting profitable growth [2] - Investment Grade status enhances Vallourec's flexibility in optimizing its balance sheet and accessing debt capital markets under favorable conditions [2] Group 3: Company Overview - Vallourec is a leader in premium tubular solutions for energy markets and industrial applications, employing nearly 13,000 people across more than 20 countries [3] - The company focuses on innovative and competitive tubular solutions, catering to demanding environments and projects [3]