In May 2024, Fitch confirmed its credit rating of BBB and increased the outlook from stable to positive. In addition to the continued improvement in profitability despite a tighter market environment, this also reflects GEA Group Aktiengesellschaft's robust business model. Furthermore, Fitch highlights in the rating result that GEA Group Aktiengesellschaft is well on track to achieve its ambitious EBITDA margin targets.
Agency | 2024 | 2023 | ||
---|---|---|---|---|
Rating | Outlook | Rating | Outlook | |
Moody‘s | Baa1 | stable | Baa2 | positive |
Fitch | BBB | positive | BBB | stable |
GEA Group Aktiengesellschaft has been assigned a CIS-2 rating in Moody's ESG Report again. The positive upgrade of the carbon transition subcategory from 3 to 2 confirms the recent successes of the sustainability targets in accordance with “Mission 26”.
GEA Group Aktiengesellschaft's credit ratings remain within the investment grade range.