The principles and aims of financial management presented in the 2006 Annual Report  remain in force and are being pursued unchanged. The proportion of debt denominated in euros rose to 53% and the proportion denominated in US dollars to 32%. The other financial data outlined in the 2006 Annual Report are still valid. In June 2007, the Group’s rating was reviewed by rating agencies Standard & Poor’s, Moody’s Investors Service and Fitch IBCA, and marginally downgraded by two of the agencies. Even after the latest analyses, our creditworthiness is still highly rated.