Standard & Poor's has upgraded Viridien's long-term credit rating from 'B-' to 'B' with a stable outlook, acknowledging the improvement in the group's operational stability. This decision follows recent confirmations by Moody's and Fitch regarding the credit profile of the global leader in cutting-edge technologies and Earth data.
S&P justifies its upgrade by citing 'demonstrated improvement in performance stability over the past few years in a volatile market environment', supported by the termination of the costly contract with Shearwater in 2025, rigorous cost management, and a shift towards higher-value projects. The rating agency also upgraded the group's senior secured bond rating from 'B' to 'B+'. Concurrently, Moody's confirmed its corporate rating at 'B2' with a stable outlook, highlighting the increased resilience of the business model. Previously, Fitch Ratings had confirmed its rating at 'B' with a stable outlook last December, emphasizing the improvement in the financial and operational profile.
CFO's Statement on the Upgrade
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Jérôme Serve, Chief Financial Officer of Viridien, states: 'We are pleased with the upgrade of our rating by S&P, which reflects the successful execution of our financial strategy over the past two years and our continuous efforts in debt reduction. We remain focused on strengthening our financial profile, maintaining solid performance, and rigorous capital allocation to create value for our shareholders.'
SectorLogiciels · Ingénierie / Conseil›équipements et services pétroliers
Context
Period
Period: 3T 2025
Guidance from the release
Viridien a réalisé un excellent troisième trimestre, contribuant à une génération robuste de Cash-flow net.
Prix du pétrole volatils; néanmoins activités d'exploration et sismique jugées résilientes, carnet de commandes robuste et objectif de Cash-flow net 100 M$ pour 2025.
Risks mentioned
Volatilité des prix du pétrole pouvant entraîner reports d'investissements
Risque de recouvrement de créances (créances en retard auprès de PEMEX)
Effet défavorable du change (~3 M$ d'impact négatif sur SMO)
Opportunities identified
Forte demande pour les données haute qualité d'Earth Data (EDA) — croissance élevée des ventes après-vente
Réduction du coût de la dette via rachats obligataires améliorant la génération de cash future
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
