EQS-News

Scope confirms investment grade rating BBB- of SAF-HOLLAND SE – outlook raised to positive

EQS-News: SAF-HOLLAND SE / Key word(s): Rating Scope confirms investment grade rating BBB- of SAF-HOLLAND SE – outlook raised to positive 02.05.2024 / 14:53 CET/CEST The issuer is solely responsible for the content of this announcement. Scope confirms investment grade rating BBB- of SAF-HOLLAND SE – outlook raised to positive

 

Bessenbach (Germany), May 02, 2024. The SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world's leading suppliers of trailer and truck components, today published the rating report of Scope Ratings GmbH ("Scope"). 

 

In it, Scope confirmed SAF-HOLLAND SE's long-term investment grade rating of BBB- and changed the outlook from stable to positive. In the current rating, Scope emphasizes the strong market position, the broad customer base and the high share of the cyclically resilient aftermarket business. In addition, the noticeable improvement in the most important credit ratios and the resulting significant improvement in the financial risk profile are the reason for raising the outlook from stable to positive. A further sustained improvement in the leverage ratio and simultaneous cash flow generation could result in a further upgrade in the medium to long term.

 

The Scope rating report is available on the SAF-HOLLAND website at https://corporate.safholland.com/en/investor-relations/rating.

 

Contact:

 

Dana Unger      

VP Investor Relations, Corporate & ESG Communications

Tel: [phone]

[e-mail]

 

Alexander Pöschl

Senior Manager Investor Relations, Corporate & ESG Communications

Tel: [phone]

[e-mail]

 

Michael Schickling

Senior Manager Investor Relations, Corporate & ESG Communications

Tel: [phone]

[e-mail]