Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Areva Credit Rating Cut to BBB- by S&P on Weak Cash Flow

Areva SA, the French maker of nuclear reactors, had its long-term credit rating cut two levels by Standard & Poor’s, which cited expected weak credit metrics and free cash flow for 2012 as nuclear demand slowed following the atomic accident in Japan in March.

Areva’s long- and short-term ratings were cut to BBB-/A-3 from BBB+/A-2, the ratings company said in a statement today. The outlook is stable.

“We expect credit metrics and free cash flow to remain very weak in 2012, with a substantial recovery only in 2014, two years later than we previously assumed,” the ratings company said.

Areva SA said last week it plans to cut costs by 1 billion euros ($1.31 billion) by 2015, and to sell at least 1.2 billion euros of financial, mining and other assets by the end of 2013 to shore up its finances which have been hurt by construction delays at a plant in Finland, a slowdown in demand for nuclear fuel and services, and writedowns on mines and other assets.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.