Debt
Net debt at December 31, 2012
The Arkema Group net debt amounted to €900 m at end December 2012.
Ratios
| Millions of euros | Dec. 31, 2012 | Dec. 31, 2011 |
|---|---|---|
| Net debt | 900 | 603 |
| Shareholders’ equity | 2,311 | 2,217 |
| Gearing | 39% | 27% |
| Net debt / EBITDA | 0.9 | 0.6 |
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 agencies | Long-term rating | Outlook | Date |
|---|---|---|---|
| Standard & Poor’s | BBB | Stable | May 2012 |
| Moody’s | Baa2 | Stable | March 2013 |