• WENDEL: S&P Global upgrades Wendel's credit rating to BBB / A-2; outlook stable

    Source: Nasdaq GlobeNewswire / 25 Jan 2019 12:00:46   America/New_York

    S&P Global upgrades Wendel's credit rating 
    to BBB / A-2; outlook stable
    In its research update published today, S&P Global upgraded Wendel's credit rating to BBB / A-2; stable outlook. 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".
    Beginning of September 2018, Moody's assigned Baa2 rating to Wendel with a stable outlook, reflecting the improvement of Wendel's financial structure.
    Wendel has now two equivalent credit ratings with the two rating agencies.



    2018 Full-Year Results / Publication of NAV as of December 31, 2018 (pre-market release).



    This announcement is distributed by West Corporation on behalf of West Corporation clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: WENDEL via Globenewswire

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