Vallourec’s Post

📣 Vallourec receives Investment Grade rating from Moody's Ratings and S&P Global - now rated Investment Grade by all three major agencies. The Group announces further positive developments in its credit ratings from Moody's Ratings and S&P Global, following the upgrade to Investment Grade by Fitch Ratings in April 2025. Specifically: 🔹 Moody's Ratings upgraded Vallourec’s issuer rating from Ba1 to Baa3, an Investment Grade rating with a stable outlook. 🔹  S&P Global upgraded Vallourec’s long- and short-term issuer credit ratings from BB+/B to BBB-/A-3, Investment Grade ratings, with a stable outlook. Moody’s Ratings commented “The effective upgrade to Baa3 reflects continued evidence of Vallourec's successful execution of its strategic transformation, including a shift toward higher-value products and a substantial reduction of its industrial fixed cost base since 2022”, while S&P Global highlighted that “the improvement in Vallourec's margins is sustainable and, as a result, its business is more resilient. Despite some macroeconomic uncertainty, we anticipate that Vallourec's solid position in the premium OCTG global market will support material cash flow generation”.