Credit ratings/ debt market
The international agencies Moody’s and Fitch have been publishing credit ratings on GEA Group Aktiengesellschaft for many years. In June 2024, Moody's raised the credit rating from Baa2 to Baa1, placing it at the upper end of the rating class and adjusting the outlook to stable. The further increase in profitability and free cash flow as well as a conservative financial policy and low debt were key factors in the rating upgrade.
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.
