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7. Februar 2020

Euler Hermes Rating senkt das Emittentenrating der SeniVita Social Estate AG durch erhöhte Refinanzierungsrisiken auf CC

Nach Ansicht der Ratingagentur haben sich die Risiken für die Refinanzierung er-höht, so dass diese von einer Abschwächung des Finanzrisikos ausgeht. Daher nimmt Euler Hermes Rating eine Herabstufung des Emittentenratings auf CC vor. Zugleich senkt hierdurch Euler Hermes Rating das Emissionsrating der EUR 50 Mio. 6,5 % Wandelanleihe 2015/2020 (ISIN DE000A13SHL2, WKN A13SHL) der SeniVita […]

6. Februar 2020

Euler Hermes Rating senkt das Rating der Joh. Friedrich Behrens AG auf B

Nach Ansicht der Ratingagentur haben sich die Risiken bezüglich der Schuldenstruktur, der finanziellen Flexibilität und der Refinanzierungsmöglichkeiten erhöht. Dies unter anderem auch aufgrund der verschlechterten Ertragskraft und eingetrübten Konjunkturaussichten, so dass die Ratingagentur die Risiken für die zukünftige Geschäftsentwicklung und Liquidität ebenfalls höher einschätzt. Für die kommenden zwölf Monate erwartet die Ratingagentur eine negative Entwicklung […]

29. Januar 2020

Euler Hermes Rating publishes credit research paper „German SMEs will face higher credit risk in 2020“.

About the study: The analysis of credit risks of SMEs & MidCaps in this study is based on an AI-based algorithm (TRIBBot), which assesses the credit quality of small and medium-sized companies by using proprietary data. The TRIBBot shows a high discriminatory power and historical robustness and is a new and unique tool for the […]

19. Dezember 2019

Euler Hermes Rating confirms BBB issuance rating of senior bond financing for offshore wind farm Borkum Riffgrund 2

Euler Hermes Rating has confirmed the BBB issuance rating for the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH. The underlying factors were a combination of moderate project risks, moderate financial risks, low operational risks and adequate terms of issuance with adequate recovery expectations. We expect the rating to remain stable over the […]

28. November 2019

Euler Hermes Rating assigns first-time ratings to Hungarian transportation and logistics company Trans-Sped Kft.

Euler Hermes Rating has assigned a B+ first-time issuer rating to Hungarian transportation and logistics company Trans-Sped Kft. The proposed 2020/2030 bond was rated B+ based on preliminary terms. The B+ first-time issuer rating is mainly driven by Trans-Sped’s operations in the transportation and logistics sector which we assess as highly cyclical and highly competitive […]

14. November 2019

Business Climate: Which country is the best in class for SMEs?

Which countries are best for SMEs?  Small- and medium-sized enterprises (SMЕs) are crucial as they account for 90% of businesses and over 50% of total employment worldwide Our new “SMЕ Business Climate Index” (SMEB) assesses the business environment for SMEs in 13 selected economies. It is based on six components that SMEs have identified […]

13. November 2019

Euler Hermes Rating publishes SME Research Report: About One Third of Dutch SMEs and MidCaps with Investment Grade-like Financial Profile

About One Third of Dutch SMEs and MidCaps with Investment Grade-like Financial Profile  Our analysis demonstrates that about one third of sampled Dutch SMEs and MidCaps would be scored BBB or higher purely based on the financial profile, which is a key component of the scorecard in our new SME rating methodology published under […]

13. November 2019

Euler Hermes Rating publishes SME Research Report: About One Third of Belgian SMEs and MidCaps with Investment Grade-like Financial Profile

About One Third of Belgian SMEs and MidCaps with Investment Grade-like Financial Profile  Our analysis demonstrates that about one third of sampled Belgian SMEs and MidCaps would be scored BBB or higher purely based on the financial profile, which is a key component of the scorecard in our new SME rating methodology published under […]