Press Releases

With “BBB-“ Scope assesses Haniel within Investment Grade Area

02/23/2016

For the first time the European rating agency Scope Ratings AG (Scope) has assessed the creditworthiness of Franz Haniel & Cie. GmbH (Haniel).

Duisburg, February 23rd 2016. For the first time the European rating agency Scope Ratings AG (Scope) has assessed the creditworthiness of Franz Haniel & Cie. GmbH (Haniel). Haniel receives a long-term issuer rating of BBB- with a stable outlook and therewith is classified by Scope in the investment grade area. The rating reflects the conservative investment strategy of Haniel as a Family-Equity company with a relatively low loan-to-value (ratio of net financial debt to market value of the portfolio), strong liquidity and a solid cash flow profile. Scope's forward-looking rating approach convinced Haniel to provide another credit opinion to its investors.

Analyst Conference Call
Scope will present the rating in detail in a telephone and web conference on Thursday, February 25th 2016 at 04:00pm. After the presentation the analysts of Scope will be available for a Q&A session.