WENDEL: S&P Global upgrades Wendel's credit rating to BBB / A-2; outlook stable
Source: Nasdaq GlobeNewswire / 25 Jan 2019 12:00:46 America/New_YorkS&P Global upgrades Wendel's credit ratingto BBB / A-2; outlook stableIn 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.
2018 Full-Year Results / Publication of NAV as of December 31, 2018 (pre-market release).This announcement is distributed by West Corporation on behalf of West Corporation clients.
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Source: WENDEL via Globenewswire