Press Releases

Standard & Poor’s raised Haniel’s long-term rating to BB+

09/17/2013

Today, Standard & Poor’s (S&P) raised its long-term corporate credit rating on Franz Haniel & Cie. GmbH from BB (positive outlook) to BB+ (stable outlook).

The rating upgrade reflects the management’s continuous focus on debt reduction, which led to a loan-to-value ratio (the ratio of the net financial debt to the portfolio’s market value) below the 40 % S&P requires for a BB+ rating.