The Capgemini financing policy is intended to provide the Group with adequate financial flexibility and is based on the following main criteria:
- a moderate use of debt leveraging,
- diversified financing sources maintaining a balance between
- bank financing and
- market financing via bond issues (see further below),
- a good level of liquidity and sustainable financial resources.
Net debt as at December 31, 2017 is as follows:
|(in millions of euros)||31/12/2017|
|Cash and cash equivalents||1,988|
|Cash management assets||168|
|* at amortized cost, including accrued interest.|
The credit rating attributed by the rating agency Standard & Poor’s as at March 1, 2018 was BBB with positive outlook.
As at december 31, 2017, outstanding bonds issued by the Group were :
|FR0012821924||01/07/2015 ->||01/07/2018||500||Euribor 3-month+0.85%|
|FR0013218138||09/11//2016 ->||09/11/2021||500||0 .50%|