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GRENKE AG: S&P affirms BBB+/Negative/A-2 rating for GRENKE AG

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DGAP-News: GRENKE AG / Key word(s): Rating
GRENKE AG: S&P affirms BBB+/Negative/A-2 rating for GRENKE AG
02.08.2022 / 09:39
The issuer is solely responsible for the content of this announcement.

S&P affirms BBB+/Negative/A-2 rating for GRENKE AG

Baden-Baden, August 2, 2022: GRENKE AG, global financing partner for small and medium-sized enterprises, reports the latest rating action by Standard & Poor's. S&P Global Ratings affirmed GRENKE AG's "BBB+/Negative/A-2" long- and short-term issuer credit ratings.

The latest S&P rating reflects the base-case expectation that GRENKE AG will continue to demonstrate solid performance and resilience in difficult markets. S&P expects that GRENKE will return to growth after profitability and capitalization remain robust. Further, S&P expects that GRENKE will remediate the remaining weaknesses in transparency, risk governance, and oversight, including money-laundering prevention over 2022.

Please find the latest S&P report here: https://www.grenke.com/investor-relations/debt-capital

 

For further information, please contact:

 

GRENKE AG

Press

Team Investor Relations

Stefan Wichmann

Neuer Markt 2

Neuer Markt 2

76532 Baden-Baden

76532 Baden-Baden

Telefon: +49 7221 5007-204

Telefon: +49 (0) 171 20 20 300

E-Mail: investor@grenke.de

E-Mail: presse@grenke.de

Internet:  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).

 


02.08.2022 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

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1411233


 

End of News

DGAP News Service

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