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WENDEL: S&P Global upgrades Wendel's credit rating to BBB / A-2; outlook stable

S&P Global upgrades Wendel`s credit rating  to BBB / A-2; outlook stable     In its research update published today, S&P Global upgraded Wendel`s credit rating to BBB / A-2; stable outlook. S&P Global stated "The upgrade reflects our view of Wendel`s active portfolio management in the second half of 2018, resulting in successful maintenance of a loan-to-value ratio below 10% despite difficult market conditions".   Beginning of September 2018, Moody`s assigned Baa2 rating to Wendel with a stable outlook, reflecting the improvement of Wendel`s financial structure.   Wendel has now two equivalent credit ratings with the two rating agencies.  

Agenda

03.21.2019

2018 Full-Year Results / Publication of NAV as of December 31, 2018 (pre-market release).

 

  20190125_S&P_upgrade_BBB


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Source: WENDEL via GlobeNewswire

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