|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.70 - 13.76|
|52 Week Range||10.00 - 14.38|
|Beta (5Y Monthly)||2.36|
|PE Ratio (TTM)||0.73|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 04, 2019|
|1y Target Est||N/A|
Rating Action: Moody's affirms TK Elevator's debt ratings, assigns B2 CFR to TK Elevator Holdco GmbH; stable outlookGlobal Credit Research - 14 Apr 2021Frankfurt am Main, April 14, 2021 -- Moody's Investors Service ("Moody's") has today affirmed the B1 instrument ratings on the senior secured term loans B, the senior secured notes, the senior secured floating rate notes, and on the senior secured revolving credit facility, raised by TK Elevator Midco GmbH and Vertical U.S. Newco Inc.; and the Caa1 instrument rating on the senior unsecured notes, issued by TK Elevator Holdco GmbH. "The rating affirmations also reflect our expectation of TKE to achieve further cost savings and operational improvements from implemented measures, which should enable additional margin improvements and positive free cash flow generation over the next two years."RATINGS RATIONALEThe rating affirmations follow TKE's first three quarters of independence after its acquisition by a private equity consortium from thyssenkrupp AG (tkAG) in July 2020.
Rating Action: Moody's affirms thyssenkrupp's B1 ratings, changes outlook to stableGlobal Credit Research - 15 Mar 2021Frankfurt am Main, March 15, 2021 -- Moody's Investors Service, ("Moody's") has today affirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating (PDR) of German steel and diversified industrial company thyssenkrupp AG ("tk" or "group"). Moody's also affirmed the B1 ratings on the group's senior unsecured debt instruments, including the (P)B1 euro debt issuance programme rating and the NP/(P)NP short-term ratings.
Thyssenkrupp's steel unit must cut costs to reach a point where it no longer needs financial support from the group, Chief Executive Martina Merz said in an internal memo to staff seen by Reuters on Friday. Her remarks come after the group cancelled an extraordinary supervisory board meeting originally scheduled for March 12 to decide whether to sell the steel division to Britain's Liberty Steel. Thyssenkrupp last month terminated sale talks, saying the two sides were far apart on issues like value and funding.