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European rating agency. Objective, transparent, independent.

VINCI S.A.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB+ Outlook STA 07.04.2022 12.04.2022
BBB+ Outlook STA 13.04.2021 16.04.2021
A- Outlook NEG 24.04.2020 29.04.2020
A- Outlook STA 09.08.2019 20.08.2019
A- Outlook STA 12.04.2017 24.04.2017

News

  • 12.04.2022
    Creditreform Rating has affirmed the unsolicited corporate issuer rating of VINCI S.A. at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by VINCI S.A. at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remain stable. For more details regarding the ratings, please refer to our rating update below.
  • 16.04.2021
    Creditreform Rating AG downgraded the unsolicited corporate issuer rating of VINCI S.A. from A- to BBB+. The outlook has been revised from negative to stable. The downgrade is primarily based on the adverse impact of the COVID-19 pandemic and the implemented containment measures to contain the spread of the virus. The concession business – as the main driver of operating profit – was particularly affected by travel restrictions, which caused the Group´s operating performance during the 2020 fiscal year to fall significantly and which negatively affected its rating relevant key financial ratios. Additionally, we believe that the current business year will also underperform against 2019 as severe containment measures remain in place and uncertainty with regard to the further course of the pandemic remains. The outlook has been revised from negative to stable because we already anticipate a lower than average performance for the current business year.
  • 29.04.2020
    Creditreform Rating has changed the outlook of the unsolicited corporate issuer rating of VINCI S.A. (VINCI) from stable to negative. This change is based on an expected substantial decline in traffic and partially in future order intakes, as well as projects on hold due to current border and social restrictions worldwide and an expected global economic downturn caused by the COVID-19 pandemic in 2020. We anticipate that these temporary effects will lower the revenues and weaken the earnings capacity of VINCI, adversely affecting its financial metrics. However, we see the Company as well-prepared for the crisis, due to its sound financial metrics, in particular its liquidity and credit facilities, confirming its rating at A-.
  • 20.08.2019
    Creditreform Rating has carried out an unsolicited rating of VINCI S.A. The rating has been set to A- with stable outlook.
  • 24.04.2017
    Creditreform Rating has carried out an unsolicited corporate rating of VINCI S.A.