Grenke AG - Capital/Financing Update 2022

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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.

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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