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Fitch Confirms Vallourec's Rating Amid Strong Market Position; Outlook Stable

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-- Fitch on Thursday affirmed Vallourec's (VK.PA) BBB- long-term issuer default rating with a stable outlook.

The French steel tubes manufacturer's ratings mirror its conservative financial policy, key production hubs and value-enhancing strategy, among others.

The action also incorporates the company's strong position in the seamless tubes market, focus on value over volume, ongoing cost reduction and footprint optimization measures.

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