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Debt and rating

Groupe SEB's debt

On December 31st, 2016, the Group has resources of financing at the level of €3,622m, among which €830.5m in the long term, €1,623.5m in the medium term and €1,168m in the short term. Sources of funding are diversified: commercial papers, Schuldschein, bond issue.
Groupe SEB finances its subsidiaries in their functional currency thanks to currency swaps (for non european subsidiaries). That’s how exchange rate exposure is covered.

The main financing in local currency are: USD, BRL, COP.

Group’s rating

Groupe SEB’s short term rating by Standard and Poor’s is A2, under its € 1,000m commercial paper program. 

Rating agency ST Rating Date
Standard & Poor's A2 31.12.2016