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HORNBACH Baumarkt AG (HBM.DE)

XETRA - XETRA Delayed Price. Currency in EUR
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36.20-0.25 (-0.69%)
At close: 5:36PM CEST
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  • Moody's

    Hornbach Baumarkt AG -- Moody's confirms Hornbach's Ba3 CFR; outlook stable

    Moody's Investors Service ('Moody's') today confirmed Hornbach Baumarkt AG's ("Hornbach" or the "company") Ba3 long-term corporate family rating (CFR) and its Ba3-PD probability of default rating (PDR). Concurrently, Hornbach's Ba2 EUR250 million worth of guaranteed senior unsecured notes due 2026 (the "Bond") have also been confirmed. This is despite closures of around one third of the company's stores due to the coronavirus outbreak in parts of Germany and in other countries where Hornbach operates.