06.04.2016
PNE WIND AG DE000A0JBPG2
DGAP-News: PNE WIND AG: Creditreform confirmed BB- rating and removed it from watch list
DGAP-News: PNE WIND AG / Key word(s): Rating
PNE WIND AG: Creditreform confirmed BB- rating and removed it from watch
list
06.04.2016 / 12:39
The issuer is solely responsible for the content of this announcement.
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Press Release
PNE WIND AG: Creditreform confirmed BB- rating and removed it from watch
list
Cuxhaven, 06.04.2016: Creditreform has confirmed the BB- credit rating of
PNE WIND AG in a follow up rating and has removed it from the watch list.
Relevant for Creditreform's rating assessment is the consistent operational
development and the development of financing structures which continue to
be influenced by the build out of the wind farm portfolio. In this regard,
there are higher financial requirements within the context of this strategy
until the exit. The planned completion of the bundled wind farm portfolio
sales transaction is expected to result in clearly positive sales, earnings
and liquidity contributions till year's end. According to Creditreform, PNE
WIND AG's liquidity planning has a suitable capacity till the end of the
year or the sale of the wind farm portfolio even when considered together
with the letter of comfort provided for certain financial credit lines of
WKN AG. According to the credit agency, the company's activities in the
onshore and offshore wind project business are unchanged and continue to be
characterized by various risks which may correspondingly have an effect on
the assets, financial position and results as well as the business and
liquidity position. The rating is currently limited by the above aspects.
About the PNE WIND Group
The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading
German wind farm developers. With its roughly 380 employees, the PNE WIND
Group has been offering services covering the entire added value chain
ranging from the development, planning, realisation, financing, operation,
marketing and repowering of wind farms in Germany and abroad from a single
source for more than 25 years. Once the completed wind farms have been
handed over to their operators, the PNE WIND Group also offers technical
and commercial management services, including regular maintenance, for the
wind farms. The offshore wind farms at sea are developed up to the point
where they are ready to be constructed. Alongside its business activities
in the established domestic market in Germany, the PNE WIND Group is
present at the international level in order to benefit from the growing
global wind energy market and it is expanding into dynamic growth markets.
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]
PNE WIND AG
Investor Relations
Scott McCollister
Tel: +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: [email protected]
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06.04.2016 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.
Media archive at www.dgap-medientreff.de and 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, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0
WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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