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Fitch Revises Outlook on Veolia Environnement Ve SA to Negative; Affirms at BBB+-Reuters

Thursday, 15 Nov 2012 07:22am EST 

Reuters reported that Fitch Ratings has revised the Outlook on Veolia Environnement Ve SA to Negative from Stable and affirmed the Long-term Issuer Default Rating (IDR) and senior unsecured rating at BBB+. The revision of the Outlook to Negative reflects a further delay in Fitch's forecast for Veolia's leverage (lease-adjusted net debt/EBITDAR) reduction to around 4.7x, previously identified as a negative rating guideline. 

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