Debt

Net debt at December 31, 2013

The Arkema Group net debt amounted to €923 m at end December 2013.

Ratios

Millions of eurosDec. 31, 2013Dec. 31, 2012
Net debt 923 900
Shareholders’ equity 2,349 2,311
Gearing 39% 39%
Net debt / EBITDA 1.0 0.9

Financing resources

The Arkema Group seeks to limit its exposure to liquidity risk by diversifying its sources of financing while extending their average maturity.

       

Credit ratings

Rating agenciesLong-term ratingOutlookDate
Standard & Poor’s BBB Stable May 2012
Moody’s Baa2 Stable March 2013