Moody’s lifts Franz Haniel view to positive

Moody's Investors Service said it changed the outlook on Franz Haniel & Cie. GmbH's ratings to positive from stable.

The agency also said it affirmed all of the ratings of Franz Haniel, including its Ba1 corporate family rating.

The outlook revision reflects a view that the proposed demerger of Metro AG and MWFS Group will improve the company’s asset diversification and financial flexibility, the agency said.

Metro is the company’s largest asset by market value and dividend income and the company plans to create two independent retail groups, Moody’s said.

This should support more stable market values and dividend income at Franz Haniel, the agency said.

Moody’s also said it believes Franz Haniel has made good progress over the past two years to execute on its investment strategy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.