Financial credit risks

Credit risks in financial management relate primarily to the probability of financial losses resulting from counterparties’ incapacity to meet contractual obligations arising from financial transactions or instruments.

Management/Exposure

Financial credit risks are limited by engaging counterparties with a high credit rating who chiefly participate in the Group’s mid-term and longterm financing. In 2018, no credit losses were incurred as a consequence of investments in cash equivalents or financial instruments