S&P changes Fresenius view

S&P said it revised the outlook on Fresenius SE & Co. KGaA and its subsidiary Fresenius Medical Care AG & Co. KGaA to positive from stable.

The BBB- long-term corporate credit rating on both entities was affirmed.

At the same time, the agency affirmed the BBB- issue ratings on the group's senior unsecured and senior secured debt.

S&P said the outlook change reflects the Fresenius group's continuously robust operating performance and an expectation that its financial metrics will not significantly deviate from adjusted debt to EBITDA of 3.5x, despite the group's announcement of three sizable acquisitions in the past 18 months.

© 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.