S&P Global Ratings Upgrades Viridien to 'B' on Strong Operational Performance

S&P Global Ratings has upgraded the long-term credit rating of Viridien to 'B' from 'B-', citing improved financial stability and operational performance. The rating agency also assigned a stable outlook to the company, reflecting expectations of continued operational consistency. This upgrade follows recent rating confirmations from other major agencies, including Moody's and Fitch, reinforcing the company's credit profile. The decision is primarily driven by Viridien's solid operational execution and its ability to maintain a steady financial performance. Analysts expect this upgrade to enhance investor confidence and potentially reduce future borrowing costs for the energy services firm. Viridien, formerly known as CGG, continues to focus on optimizing its balance sheet and driving growth across its core segments.