- Language: English
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- Published: December 2011
- Region: Slovenia
Metro AG 'BBB' L-T Rating On CreditWatch Positive On Haniel Plan To Take Controlling Stake Aug 07
- Published: August 2007
- Standard & Poors
FRANKFURT (Standard & Poor's) Aug. 31, 2007--Standard & Poor's Ratings Services said today it placed its 'BBB' long-term corporate credit rating on Germany-based diversified retailer Metro AG (Metro) on CreditWatch with positive implications, following today's announcement by Germany-based holding company Franz Haniel & Cie GmbH (Haniel; A-/Stable/A-2) that it aims to build a 50.01% absolute majority in Metro, together with the Schmidt-Ruthenbeck family. The 'A-2' short-term rating was affirmed. "The CreditWatch placement reflects support provided by parent Haniel, the credit rating on which will not be affected by this transaction," said Standard & Poor's credit analyst Olaf Toelke. "Furthermore, Haniel is planning to help Metro review, decide, and implement value-enhancing measures, which we expect could strengthen the retailer's financial profile."...
Companies mentioned in this report are:
- Metro AG
Action: On CreditWatch:Positive
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