Moody's: Deutsche Post positive

Moody's Investors Service said it changed the outlook on the Baa1/Prime-2 (P-2) long-term and short-term ratings of Deutsche Post AG, the senior unsecured Baa1 ratings of its guaranteed subsidiary Deutsche Post Finance BV and the Baa1/VMIG-2 rating for industrial revenue bonds supported by Deutsche Post and issued by Kenton County Airport Board, Ky., to positive from stable.

"Today's change in outlook reflects Deutsche Post's strong performance over the past two years, despite challenging market conditions, and the progress the group has made in restructuring its business in recent years," Moody's vice president, senior credit officer and lead analyst for Deutsche Post Paolo Leschiutta said in a news release.

© 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.