This monitoring note does not constitute a credit rating action, nor does it indicate the likelihood that Scope will conduct a credit rating action in the short term. On 2 May 2024, Scope affirmed the A/Positive issuer rating on France’s Air Liquide S.A. and its financing subsidiary Air Liquide Finance S.A. The S-1 short-term debt rating and A senior unsecured debt rating were also affirmed.

The latest information on the credit ratings in this monitoring note along with the associated rating history can be found on www.scoperatings.com.