Press Releases

Moody’s raised Haniel’s long-term rating to Ba1

10/10/2013

Today Moody’s Investor Services (Moody’s) raised its corporate family rating on Franz Haniel & Cie. GmbH from Ba2 (positive outlook) to Ba1 (stable outlook).

The rating upgrade acknowledges the significant improvement in Haniel’s loan to value ratio (the ratio of the net financial debt to the portfolio’s market value), which was achieved by the reduction of net debt as well as positive market value developments.