...+ ENGIE SA has almost completed its transformation plan to improve its business risk profile through substantial disposals in its merchant and upstream activities. + We believe the group's business portfolio is becoming increasingly regulated or long-term contracted, with a large and diversified portfolio of businesses supporting increased visibility and predictability of cash flows. + While 2017 and 2018 are still transition years, we are more confident that ENGIE's credit metrics will improve from 2019, with expected EBITDA growth and a slight debt reduction over 2018-2020. + As a result, we are revising our outlook on the company to stable from negative. + We are also affirming the 'A-/A-2' ratings. PARIS (S&P Global Ratings) April 30, 2018--S&P Global Ratings today revised its outlook on global multi-utility ENGIE SA and subsidiary GIE ENGIE Alliance to stable from negative. At the same time, we affirmed our 'A-' long-term and 'A-2' short-term issuer credit ratings on these companies....
