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26. März 2020

Euler Hermes Rating reviews Grammer AG’s rating

Euler Hermes Rating is reviewing Grammer AG’s “BBB-” rating and has placed it on the watchlist with a negative outlook. It has made this move in response to the company’s decision to temporarily slow and stop production at its European locations due to production halts among many of its customers and the currently hard-to-quantify economic […]

4. März 2020

Euler Hermes Rating removes preliminary status from Trans-Sped’s 2020/30 senior unsecured bond issuance rating (B+)

On March 3rd 2020 Euler Hermes Rating has removed the preliminary status and assigned a B+ issuance rating to Trans-Sped’s 2020/30 senior unsecured bond offering with a total issuance volume of up to HUF 5bn. The rating was derived from Trans-Sped’s current issuer credit rating (Nov 13th 2019; B+), the bond’s structural ranking, reasonable creditor […]

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 […]