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AudeRodriguez.HeadofInvestorRelations·Pierre-GermainMarlier·MurielLégeron·JosephMarczely.NorthAmerica·VincentLagarrigue·Anne-ClaireMassez.

Air Liquide regularly reviews its financing strategy to integrate financial market conditions with its growth objectives. As part of this review, we ensure that we maintain a credit profile consistent with a minimum long-term rating of category “A" from the rating agencies Standard & Poors, Moodys and Scope Ratings. On September 6th 2022, Moody’s decided for the first time since the Aigas acquisition in 2016 to upgrade the Air Liquide Group credit rating to “A2” from “A3” with a “stable” outlook. Following Standard & Poors upgrade of Air Liquide’s credit rating in July 2021, Moody’s decision acknowledges that the Groups level of indebtedness has been reduced in 5 years to the level prior to this acquisition. It also reflects the widely demonstrated resilience of Air Liquides business model. In May 2023, the European agency Scope Ratings issued an...