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Summary: GDF SUEZ S.A.

Published May 12, 2014

2784 words — Published May 12, 2014

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About This Report

Abstract:

Comprehensive scale with outstanding business and geographic diversity. Sizable and increasing share of regulated and contracted business. Leading and integrated market positions. Modern and clean power generation assets. Depressed market conditions for the core European operations. Strong record of financial discipline. Significant financial flexibility. Strong liquidity. High shareholder returns. Standard&Poor's Ratings Services' negative outlook on France-based multi-utility GDF SUEZ S.A. reflects the likelihood of a downgrade if energy market conditions in Europe worsen and upset the execution of GDF SUEZ's plans, including the consolidation of its credit metrics. We would likely lower the rating if we considered that GDF SUEZ could struggle to maintain a resilient cash flow base and Standard&Poor's-adjusted funds from operations (FFO) to

Brief Excerpt:

RESEARCH Summary: GDF SUEZ S.A. Publication date: 12-May-2014 Primary Credit Analyst: Nicolas Riviere, Paris (33) 1-4420-6709; nicolas.riviere@standardandpoors.com Secondary Contact: Vittoria Ferraris, Milan (39) 02-72111-207; vittoria.ferraris@standard...

Report Type:

Summary

Issuer

Engie S.A.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers, Structured Finance

Country

France

Region

United States

Format:

PDF

Global Energy Group GDF SUEZ Proposed Deeply Subordinated Securities Assigned 'BBB+' Rating – 2014/05/22 – US$ 150.00

Multi-Utility GDF SUEZ Outlook To Stable On Expected Recovery Of Profitability And Metrics; 'A/A-1' Ratings Affirmed – 2014/07/30 – US$ 150.00

Research Update: Multi-Utility GDF SUEZ Outlook To Stable On Expected Recovery Of Profitability And Metrics; 'A/A-1' Ratings Affirmed – 2014/07/30 – US$ 225.00

GDF SUEZ S.A. – 2014/10/21 – US$ 500.00

Summary: GDF SUEZ S.A. – 2014/10/21 – US$ 225.00

Global Energy Group GDF SUEZ Proposed Junior Subordinated Securities Assigned 'BBB+' Rating – 2013/07/01 – US$ 150.00

Summary: GDF SUEZ S.A. – 2013/05/31 – US$ 225.00

GDF SUEZ S.A. – 2013/05/30 – US$ 500.00

Multi-Utility GDF SUEZ Affirmed At 'A/A-1'; Off Watch; Outlook Negative – 2013/05/06 – US$ 150.00

Research Update: Multi-Utility GDF SUEZ Affirmed At 'A/A-1'; Off Watch; Outlook Negative – 2013/05/06 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: GDF SUEZ S.A." May 12, 2014. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-GDF-SUEZ-S-A-1316074>

APA:	S&P Global Ratings’ Credit Research. (). Summary: GDF SUEZ S.A. May 12, 2014. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-GDF-SUEZ-S-A-1316074>

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