Air Liquide is rated A/Positive by Scope Ratings

Scope Ratings, the leading European credit rating agency, issued an “A” corporate issuer rating to Air Liquide, as well as an “A” senior unsecured debt rating and a “S-1” short-term rating to all debt instruments issued by Air Liquide SA and Air Liquide Finance. The outlook associated with the issuer rating is positive.

Scope Ratings, which is regulated by ESMA, the European Securities and Markets Authority, becomes from now on the third rating agency for the Group. Air Liquide is also rated by Standard & Poor’s and Moody’s. The long-term rating from Standard & Poor’s is “A” and from Moody’s is “A2”. The short-term ratings are “A1” for Standard & Poor’s and “P1” for Moody’s. Both Credit Rating Agencies have a “stable” outlook on their ratings.

In its Rating Action Release, Scope Ratings included an evaluation of Air Liquide's ESG approach and considered it a positive factor in its assessment. “Air Liquide has established a Sustainable Financing Framework to align its financing strategy with its sustainability objectives and to contribute to the development of sustainable finance”, the company wrote in its report.

Jérôme Pelletan, Chief Financial Officer of Air Liquide Group, said:

Scope’s ratings on Air Liquide SA and Air Liquide Finance reflect in particular Air Liquide’s strong profitability. By adding Scope Ratings to its credit rating agencies, Air Liquide is responding to investors’ requests for a variety of opinions on the Group's credit quality.