Viridien upgraded to “B” by S&P, following rating confirmations by Moody’s and Fitch

Paris, France | Apr 8, 2026

Viridien announces today that Standard & Poor’s (S&P) has upgraded its long-term credit rating to “B”, with a stable outlook, reflecting the Company’s solid operational execution. The previous rating was “B-” with a positive outlook. In parallel, the rating on the Company’s senior secured notes has been raised to “B+”, from “B” previously.

S&P highlighted that “the company has built a positive track record of more stable performance over the past couple of years in a volatile market environment, benefiting from the end of the costly Shearwater contract in 2025, as well as a focus on cost control and higher-value projects.”

This upgrade follows the recent confirmation of Viridien’s corporate rating by Moody’s at “B2” with a stable outlook, which maintained its assessment of the Group’s credit profile while highlighting the increased resilience of its business model and the relevance of its strategy.

Last December, Fitch Ratings had confirmed its rating at “B” with a stable outlook, emphasizing the Company’s improved financial and operational profile.

Jérôme Serve, CFO of Viridien: “We welcome S&P’s upgrade, which reflects the successful execution of our financial roadmap over the past two years, as well as our rigorous and consistent approach to balance sheet deleveraging. We remain firmly focused on further strengthening our financial profile, sustaining strong operating performance and cash generation, and maintaining a disciplined capital allocation policy, in support of value creation for our shareholders”.