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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 […]

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 […]

7. Oktober 2019

Euler Hermes Rating confirms BBB issuance rating of senior bond financing for offshore wind farm Gode Wind 1

Euler Hermes Rating has confirmed the BBB issuance rating for the senior notes issued by Gode Wind 1 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 […]

11. September 2019

Euler Hermes Rating assigns first-time ratings to Hungarian gas distributor TIGÁZ Földgázelosztó Zrt.

Euler Hermes Rating has assigned a BB+ first-time issuer rating to Hungarian gas distributor TIGÁZ Földgázelosztó Zrt. At the same time the proposed 2019/2029 bond issuance was rated BB+ based on preliminary terms. The BB+ first-time issuer rating is mainly driven by low to moderate business risks due to an established market regulation, a territory-based […]

6. Juni 2019

Euler Hermes Rating confirms Vitens N.V. A+ issuer credit rating

Euler Hermes Rating confirms Vitens N.V. A+ issuer credit rating Euler Hermes Rating has confirmed Vitens N.V.s issuer credit rating at A+. The underlying factors were a combination of a low business risk profile, a moderate financial risk profile and a four-notch uplift for implied governmental support. We expect the rating to remain stable over […]

29. Mai 2019

Rating of Scholz Group withdrawn as of 28 May 2019

Rating of Scholz Group withdrawn as of 28 May 2019 (…)
 
> Rating Update (PDF)

2. Oktober 2018

Euler Hermes Rating reviews rating of Grammer AG

Euler Hermes Rating is reviewing the BBB rating of Grammer AG in light of recent events and puts it on the watchlist with uncertain direction. The review has been initiated by the announcement that, following the majority takeover of Grammer AG by Ningbo Jifeng, the three members of the executive board will exit the company. (…)