Veolia Environnement is pursuing its strategy of improving its credit profile within a dynamic debt management framework. The group has strengthened its financial structure through secure and optimized financing, extending the average maturity of net financial debt and a €2.6 billion capital increase finalised in July 2007.| Senior unsecured | ||||||
| Short Term | Long Term | |||||
| Rating | Outlook | Change | Rating | Outlook | Change | |
| S&P's | A-2 | Negative | January 2010 | BBB+ | Negative | March 2009 |
| Moody's | P-2 | Negative | March 2009 | A3 | Negative | March 2009 |