S&P Global upgrades Wendel's credit rating
to BBB / A-2; outlook stable
In its research update published today, S&P Global upgraded Wendel's credit rating to BBB / A-2; stable outlook. S&P Global stated "The upgrade reflects our view of Wendel's active portfolio management in the second half of 2018, resulting in successful maintenance of a loan-to-value ratio below 10% despite difficult market conditions".
Beginning of September 2018, Moody's assigned Baa2 rating to Wendel with a stable outlook, reflecting the improvement of Wendel's financial structure.
Wendel has now two equivalent credit ratings with the two rating agencies.
Agenda
03.21.2019
2018 Full-Year Results / Publication of NAV as of December 31, 2018 (pre-market release).
