Debt Capital

Get an overview of our debt refinancing strategy and all the associated ratings information.

The GRENKE Group on the international capital markets

The international capital markets are of particular significance as part of the GRENKE Group’s refinancing strategy, since they allow for a liquidity supply at attractive conditions.

We utilise the capital markets through issues of instruments such as commercial papers, medium term notes, asset-backed securities, participation certificates. The highly flexible tap issue programmes we have established in various countries and currencies support these measures.

 

Publishing and sending information material on issued bonds may be interpreted as advertising for these financial instruments. Advice on and sales of GRENKE bonds therefore take place solely via banks and savings banks. Should you have any questions regarding GRENKE bonds, please contact a bank or financial adviser.

 

Detailed information on the individual financing instruments at GRENKE can be found in the current annual report.

Global Investor Call documents

Please find below all documents related to our Global Investor Call:

Links and Downloads

Ratings of GRENKE AG

Agency
Long Term / Short Term
Outlook
Date

Standard & Poor’s

BBB+ / A-2

negative

April 2020

On April 23, 2020, S&P Global Ratings affirmed the 'BBB+/A-2' long- and short-term issuer credit ratings on the bank, as well as the issue ratings on the bank's debt. At the same time, S&P revised its outlook on Grenke AG due to expected impact of the COVID-19 pandemic to negative from stable. In its statement, the rating agency cited tougher economic conditions in Grenke´s main European markets over the next 18-24 months.

Agency
Long Term / Short Term
Outlook
Date

GBB Rating

A / –

stable

November 2019

With the rating Committee of 26th of March 2020, GBB-Rating has assigned the observation status “watch” to all current ratings, due to the non-assessable impacts of the Covid-19 pandemic. The individual rating result of the GRENKE AG (Group) will remain unchanged for now.

Rating Documents

The following rating documents provide a detailed view of our credit rating from Standard & Poor’s and GBB.

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Team Investor Relations

If you have any questions about investor relations, we are happy to advise you personally. Please call your contact person or write to us using our contact form.