S&P Global Ratings reviews Nexans outlook from negative to positive on ‘bb’ long-term rating

Paris, February 17, 2021 – Nexans announces today that S&P Global Ratings reviewed its outlook from negative to positive and confirmed its ‘BB/B’ rating.

S&P Global Ratings mentioned: "a solid credit profile in 2020 with a significant buffer and significantly better ratios than we forecast in our previous review."

Jean-Christophe Juillard, Nexans’ Chief Financial Officer, stated: "This is a true recognition of the transformation and work undertaken by the Company since 2019, and a proof that Nexans is on the right track. A recognition by our investors, and now by our credit rating agency. Nexans is ready for its next strategic step to be unveiled at its Capital Markets Day."

Rating and research updates are available on S&P Global Ratings website www.standardandpoors.com, and on Nexans Finance section.