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Bond Investors
The Group aims to maintain broad access to liquidity to meet its commitments and investment needs. The quality of debt management is recognized by the rating agencies Standard & Poor's and Moody's.
DEBT MATURITY PROFILE
At December 31, 2019, the average maturity of Valeo’s debt was 4 years
Valeo has access to liquidity through confirmed bank credit lines with a weighted average maturity of 3.04 years as of December 31, 2019, representing an aggregate amount of 1.1 billion euros.
COMMERCIAL PAPER
Valeo has access to liquidity through a short-term commercial paper financing program for a maximum amount of 2.5 billion euros.
On July 31, 2020, Standard & Poor’s has downgraded its long-term and short-term corporate credit ratings for Valeo from “BBB-/A-3” to “BB+/B”, outlook stable.
