Baden-Baden, March 23, 2023: grenke AG, global financing partner for small and medium-sized enterprises, reports the latest rating action by Standard & Poor's. S&P Global Ratings lowered the long-term issuer credit rating on grenke to 'BBB' from 'BBB+', and affirmed its 'A-2' short-term rating. The stable (previously: negative) outlook signifies that grenke is expected to maintain its sound risk appetite, asset quality, and high capital buffers, and to gradually recover its solid risk-adjusted profitability over the next two years.

The new S&P rating is equivalent to the initial Fitch rating of October last year, in which grenke received an investment grade rating of "BBB" with a stable outlook (Fitch rating level "BBB/stable/F2").

Please find the latest S&P report here: https://www.grenke.com/investor-relations/debt-capital

 

 

 

For further information, please contact:

 

Team Investor Relations

Neuer Markt 2

76532 Baden-Baden

Telefon:  +49 7221 5007-204

E-Mail:    [email protected]

Internet: www.grenke.de

 

Press

Stefan Wichmann

Neuer Markt 2

76532 Baden-Baden

Telefon:  +49 (0) 171 20 20 300

E-Mail:    [email protected]