Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom - S&P Global Ratings’ Credit Research

Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom

Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom - S&P Global Ratings’ Credit Research
Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom
Published Dec 07, 2021
3 pages (1344 words) — Published Dec 07, 2021
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Abstract:

PARIS (S&P Global Ratings) Dec. 7, 2021--S&P Global Ratings today said that France-based building solutions group Compagnie de Saint-Gobain (BBB/Stable/A-2) will still have healthy rating headroom after its cash-funded acquisition of U.S.-based GCP Applied Technologies (BB/Watch Pos/--). This reflects Saint-Gobain's solid balance sheet as well as our expectation of a very strong business performance in 2021. We anticipate that the company's ratio of funds from operations (FFO) to debt will decline toward 25% by the end of 2022, which compares with more than 30% in 2021 and well above the downside threshold of 20% for the current rating. On Dec. 6, Saint-Gobain announced that it had signed a definitive agreement to acquire all of the outstanding shares of GCP in

  
Report Type:

Bulletin

Ticker
COD@LN
Issuer
Compagnie de Saint-Gobain
GICS
Building Products (20102010)
Sector
Global Issuers
Country
France
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom" Dec 07, 2021. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Saint-Gobain-s-Acquisition-Of-GCP-Applied-Technologies-Aligns-With-Company-Strategy-And-Leaves-Healthy-Rating-Headroom-2767205>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Saint-Gobain's Acquisition Of GCP Applied Technologies Aligns With Company Strategy And Leaves Healthy Rating Headroom Dec 07, 2021. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Saint-Gobain-s-Acquisition-Of-GCP-Applied-Technologies-Aligns-With-Company-Strategy-And-Leaves-Healthy-Rating-Headroom-2767205>
  
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