Home Credit Ratings and Research S&P Global Ratings’ Credit Research Veolia Environnement S.A.

Veolia Environnement S.A.

Published Nov 12, 2008

6134 words — Published Nov 12, 2008

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Stable and recurrent revenues under long-term municipal contracts Recent credit-supportive strategic shift High business and geographic diversification Top-tier market positions Exposure to price competition at contract renewal time and renewal risk at maturity given limited infrastructure ownership Disappointing recent operating performance Moderate financial profile The ratings on France-based environmental services group Veolia Environnement S.A. (VE) are underpinned by its leading positions worldwide in water utility and waste management activities, and its strong European presence in energy services. VE benefits from diversified and recurring revenues under long-term municipal concessions and shorter term industrial outsourcing contracts. The ratings are also supported by VE's recent substantial shift toward a less capital-intensive and hence more credit-protective strategy. As a result of its focus on

Brief Excerpt:

RESEARCH Veolia Environnement S.A. Publication date: 12-Nov-2008 Primary Credit Analyst: Hugues De La Presle, Paris (33) 1-4420-6666; hugues_delapresle@standardandpoors.com Secondary Credit Analyst: Beatrice de Taisne, London (44)...

Report Type:

Full Report

Ticker

VIE@FP

Issuer

Veolia Environnement S.A.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers

Country

France

Region

United States

Format:

HTML

Veolia Environnement Outlook To Negative On Earnings Pressure; Affirmed At 'BBB+' – 2009/03/25 – US$ 150.00

Research Update: Veolia Environnement Outlook To Negative On Earnings Pressure; Affirmed At 'BBB+' – 2009/03/25 – US$ 225.00

Veolia Environnement S.A. – 2010/01/04 – US$ 500.00

Summary: Veolia Environnement S.A. – 2010/01/04 – US$ 225.00

French Environment Services Group Veolia Environnement Outlook Revised To Stable On Significant Debt Reduction – 2010/04/21 – US$ 150.00

Summary: Veolia Environnement S.A. – 2008/11/12 – US$ 225.00

Summary: Veolia Environnement S.A. – 2008/10/21 – US$ 225.00

Summary: Veolia Environnement S.A. – 2008/04/15 – US$ 225.00

Veolia Environnement S.A. – 2007/10/01 – US$ 500.00

Summary: Veolia Environnement S.A. – 2007/10/01 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Veolia Environnement S.A." Nov 12, 2008. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Veolia-Environnement-S-A-682815>

APA:	S&P Global Ratings’ Credit Research. (). Veolia Environnement S.A. Nov 12, 2008. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Veolia-Environnement-S-A-682815>

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