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Euler Hermes Rating überprüft Rating der Grammer AG

Euler Hermes Rating überprüft aus aktuellem Anlass das BBB Rating der Grammer AG und setzt es mit unbestimmtem Ausblick auf die Watchlist. Hintergrund ist das angekündigte Aus-scheiden der drei Vorstandsmitglieder nach der mehrheitlichen Übernahme der Grammer AG durch Ningbo Jifeng.

Die Vorstandsmitglieder haben auf der Grundlage vertraglicher Kontrollwechselklauseln erklärt ihre Ämter innerhalb der nächsten Monate auf eigenen Wunsch niederlegen zu wollen. Nach Einschätzung der Ratingagentur führt der Rückzug der Vorstandsmitglieder zu erhöhten Risiken für die Kontinuität der Unternehmensführung. Stabilisierende Einflüsse sehen die Analysten in diesem Zusammenhang in der unveränderten Besetzung des Aufsichtsrates, und der aktuell positiven Geschäftsentwicklung der Grammer AG. Darüber hinaus hält Euler Hermes Rating eine geregelte, interne Nachfolge des Technikvorstandes noch für möglich.

Die Grammer AG ist auf die Entwicklung, Herstellung und den Vertrieb von Fahrer- und Passagiersitzen für Offroad-Fahrzeuge, Lkw und Busse sowie von Komponenten und Systemen für die Pkw-Innenausstattung spezialisiert. Im Geschäftsjahr 2017 erwirtschaftete Grammer mit im Jahresdurchschnitt 12.947 Mitarbeitern einen Konzernumsatz von € 1,8 Mrd.

Die Euler Hermes Rating GmbH (Euler Hermes Rating) wurde 2001 als unabhängige europä-ische Ratingagentur der Euler Hermes und Allianz Gruppe gegründet und fokussiert sich auf das Rating von Emittenten und Emissionen. Euler Hermes Rating ist gemäß der Verordnung (EG) Nr. 1060/2009 des Europäischen Parlaments und des Rates als Credit Rating Agency (CRA) registriert und wird als External Credit Assessment Institution (ECAI) bei der European Banking Authority (EBA) geführt. Euler Hermes Rating ist eine Tochtergesellschaft von Euler Hermes (ELE:PA), dem weltweiten Marktführer im Kreditversicherungsgeschäft.

Aktuelle Ratings veröffentlicht die Ratingagentur auf eulerhermes-rating.com.

Methodik
Dieses Rating wurde auf Basis der aktuellen Methode Emittentenrating der Euler Hermes Rating GmbH erstellt, die unter eulerhermes-rating.com veröffentlicht ist.

Presse/Euler Hermes Rating GmbH:
Frank Wittich-Böcker – frank.wittich-boecker@eulerhermes-rating.com
Friedensallee 254
22763 Hamburg
Tel.: 040 8834-640
Fax: 040 8834-6413
www.eulerhermes-rating.com

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