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Grenke AG
Capital/Financing Update • Aug 2, 2022
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Capital/Financing Update
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Corporate | 2 August 2022 09:39
GRENKE AG: S&P affirms BBB+/Negative/A-2 rating for GRENKE AG
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: [email protected] | E-Mail: [email protected] |
| 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: | [email protected] |
| 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 |