(CGG, 8.Apr.2024) — CGG announced that S&P Global Ratings has upgraded the company’s issuer credit rating to ‘B’ from ‘CCC+’. S&P noted “a markedly stronger 2024–2025 financial performance” as a reason for the upgrade.
“We believe that S&P’s rating upgrade aligns with our recently communicated financial roadmap”, said CGG CFO Jérôme Serve.
“We remain focused on the strengthening of our financial performance, cash generation and balance sheet deleveraging,” Serve said.
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