04.04.2017
PNE WIND AG DE000A0JBPG2
DGAP-News: PNE WIND AG: Creditreform Rating upgrades corporate rating to BB
DGAP-News: PNE WIND AG / Key word(s): Rating
PNE WIND AG: Creditreform Rating upgrades corporate rating to BB
04.04.2017 / 10:13
The issuer is solely responsible for the content of this announcement.
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Cuxhaven, 04.04.2017: Creditreform Rating has upgraded the corporate rating
of PNE WIND AG from BB- to BB. The successful operational and financial
development of PNE WIND AG is thereby reflected in the corporate rating.
According to Creditreform, the upgrade of the rating is based on the
considerably improved fundamental data in the business year 2016 due to the
sale of the wind farm portfolio at the end of the year. The pursued
activities of PNE WIND AG in the onshore and offshore wind project business
remained unchanged with various risks that might affect the asset, financial
and earnings position as well as the business and liquidity position. The
specific risk of the business model, political risks as well as the
intensified conditions of competition had a limiting effect. In addition,
the rating was limited by the planned buildup of an East European onshore
wind farm portfolio with corresponding medium-term effect on the fundamental
data. The financial risk was scheduled in particular by the bullet payment
of the EUR 100 million bond in mid-2018. Despite the currently good
fundamental data, the rating was limited by the abovementioned aspects,
according to Creditreform.
Contact:
PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: [email protected]
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04.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [email protected]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN: A0JBPG, A1R074, , A12UMG,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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