Wendel: S&P Global upgrades credit rating
(CercleFinance.com) - On Friday S&P Global upgraded Wendel's credit rating to BBB/A-2, with a stable outlook.
In its credit report, S&P Global stated “The upgrade reflects our view of Wendel's active portfolio management in the second half of 2018, resulting in successful maintenance of a loan-to-value ratio below 10% despite difficult market conditions”.
"Wendel has now two equivalent credit ratings with the two rating agencies."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In its credit report, S&P Global stated “The upgrade reflects our view of Wendel's active portfolio management in the second half of 2018, resulting in successful maintenance of a loan-to-value ratio below 10% despite difficult market conditions”.
"Wendel has now two equivalent credit ratings with the two rating agencies."
Copyright (c) 2019 CercleFinance.com. All rights reserved.