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Euler Hermes Rating changes rating outlook for Scholz Holding GmbH to stable

Euler Hermes Rating GmbH affirms the B rating of Scholz Holding GmbH and changes the outlook from positive to stable. The rating of Scholz Holding GmbH reflects the persistently challenging market environment, financial strains due to the ongoing restructuring measures as well as the very weak capital structure of the company.

The rating agency expects divestments, cost reduction measures and realisation of synergies with TTC to require more time before substantial improvements of profitability and capital structure will take effect. Hence, Euler Hermes Rating expects a stable development of the rating within the next twelve months.

> Summary of the Rating update (PDF)