Ratings & Securities
It is important for Haniel to be well regarded by its financial partners and to have a good credit rating at all times. After all, the Group intends to continue using all the available financing options on the most favourable terms. Against this background and with a view to securing a stable investment grade rating, Haniel submits to external rating processes.
|Rating agency||Rating type||Rating||Outlook||Last change|
|Moody's Investor Service||long-term||Baa3||stable outlook||25.04.2018|
|Scope Ratings||long-term||BBB-||stable outlook||23.02.2016|
The rating by the rating agencies is primarily attributable to the value of Haniel’s investment portfolio and the cash flow within the Holding Company.
The CP programme allows Haniel to issue commercial paper simply and efficiently through standardised documentation.
|Commercial Paper Programme|
|Issuers||Franz Haniel & Cie. GmbH |
Haniel Finance B.V.
|Guarantor||Franz Haniel & Cie. GmbH|
|Volume of the programme||EUR 500,000,000|
|Arrangers||Deutsche Bank AG, Goldman Sachs International|