Plastic Omnium Achieves BB+ Credit Rating from S&P Global Ratings

Plastic Omnium, a leading provider of mobility solutions globally, has received a BB+ long-term credit rating from S&P Global Ratings, with the outlook described as "Stable". This decision by S&P is based on a number of key factors including Plastic Omnium's dominant position in its primary fields — such as manufacturing bumpers, fuel tanks, and front-end modules — and a record high order intake that projects revenues spanning approximately two years as of 2023. These achievements not only showcase Plastic Omnium’s commercial appeal but also the pertinence of its diverse product lineup.

In addition, a proven ability to generate cash flow through solid operating performance and the execution of a prudent financial tactic focused on debt reduction have contributed to this rating. This enhanced credit rating is expected to assist Plastic Omnium in further expanding its funding sources, improve its access to the capital markets, and effectively manage its debt maturities, all aligned with the company’s strategic objectives.

Laurent Favre, CEO of Compagnie Plastic Omnium SE, expressed satisfaction with this inaugural long-term credit rating, noting it as a reflection of the company’s robust financial structuring and strategic considerations. Favre highlighted the competitive advantage brought on by a widespread geographical presence, a diversified portfolio, and innovative solutions catering to customer needs.