GRENKE AG: S&P affirms GRENKE AG rating of BBB+/A-2
DGAP-News: GRENKE AG / Key word(s): Rating
21.07.2021 / 17:16
The issuer is solely responsible for the content of this announcement.
*S&P affirms GRENKE AG rating of BBB+/A-2 *
Baden-Baden, July 21, 2021: GRENKE AG, global financing partner for small and medium-sized enterprises, today reports the latest rating action by Standard & Poor's in which S&P Global Ratings affirmed GRENKE AG's "BBB+/A-2" long- and short-term issuer credit ratings and kept the outlook for the long-term rating at "negative".
As the rationale behind this rating, S&P acknowledged GRENKE AG's profitability and stable liquidity despite the current tense market situation. The agency expects GRENKE to continue to show solid performance and resilience. Dr Sebastian Hirsch, Chief Financial Officer of GRENKE AG, comments: "The affirmation of the investment grade rating gives us stability and a solid perspective. We have shown that we can be very profitable, even in challenging times. This is and remains one of the strengths of our business model."
The latest S&P report can be downloaded from the following link: https://www.grenke.com/investor-relations/debt-capital.
For further information, please contact:
GRENKE AG
Team Investor Relations Press contact
Stefan Wichmann
Executive Communications Consulting
Neuer Markt 2 Neuer Markt 2
76532 Baden-Baden 76532 Baden-Baden
Phone: +49 7221 5007-204 Mobile: +49 (0) 171 20 20 300
Email: investor@grenke.de Email: presse@grenke.de
Website: www.grenke.de
*About GRENKE*
The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE's products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE's activities.
Founded in 1978 in Baden-Baden, the Group operates in 33 countries and employs more than 1,800 staff (full-time equivalents) worldwide. GRENKE shares are listed in the SDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).
--------------------
21.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------
Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: investor@grenke.de
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1220777
End of News DGAP News Service