In April 2023, Fitch confirmed its credit rating of BBB and the stable outlook. In addition to the continued improvement in profitability, this also reflects GEA Group Aktiengesellschaft's robust business model. Furthermore, Fitch highlights in the rating result that despite the increasing cost pressure GEA continues to improve cash generation and thus mitigates potential free cashflow fluctuations.
Agency | 2023 | 2022 | ||
---|---|---|---|---|
Rating | Outlook | Rating | Outlook | |
Moody‘s | Baa2 | positive | Baa2 | stable |
Fitch | BBB | stable | 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”.
As a result, GEA Group Aktiengesellschaft's credit ratings remain within the investment grade range.