GRENKE AG: S&P affirms GRENKE AG ratings BBB+/A-2 and removes from CreditWatch negative
December 11, 2020 at 01:46 am EST
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GRENKE AG: S&P affirms GRENKE AG ratings BBB+/A-2 and removes from CreditWatch negative
11.12.2020 / 07:44
The issuer is solely responsible for the content of this announcement.
S&P affirms GRENKE AG ratings BBB+/A-2 and removes from CreditWatch negative
Baden-Baden, December 11, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, reports on Standard & Poor's yesterday's rating action. S&P Global Ratings affirmed its 'BBB+/A-2' long- and short-term issuer credit ratings and all related issue ratings on GRENKE AG and its debt and removed them from CreditWatch, where they were placed with negative implications on September 17, 2020. S&P's outlook on the long term rating is negative. Please see the latest S&P reports on GRENKE AG at https://www.grenke.com/investor-relations/debt-capital
For further information, please contact:
GRENKE AG
Team Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: investor@grenke.de
Website: www.grenke.de
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 Company operates in 33 countries and employs more than 1,700 staff worldwide. GRENKE shares are listed in the MDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).
11.12.2020 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.
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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:
investor@grenke.de
Internet:
www.grenke.de
ISIN:
DE000A161N30
WKN:
A161N3
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
Grenke AG, formerly Grenkeleasing AG, is a Germany-based leasing company. The Company divides business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of Grenke Bank AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of Grenkefactoring GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The Company operates through various subsidiaries, branch offices and franchises across Europe.