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Documents are published in French and in English. In case of discrepancy between the two versions, the French version shall prevail.
In the context of the restructuring, the bond debt of AREVA SA was transferred to Orano by partial contribution of assets on November 10, 2016.
Standard & Poor's long-term rating system has 8 categories
(AAA, AA, A, BBB, BB, B, CCC and D). The rating is given a + or - to
indicate that the company is in the upper or lower end of the category.
The long-term rating relates to borrowings maturing in more than one year.
All of the ratings are supplemented with an "outlook" : this is the rating agency’s opinion on the probable trend in the company’s credit quality. The outlooks are positive (up), stable or negative (down).