Baden-Baden, August 2, 2022: GRENKE AG, global financing partner for small and medium-sized enterprises, reports the latest rating action by Standard & Poor's. S&P Global Ratings affirmed GRENKE AG's "BBB+/Negative/A-2" long- and short-term issuer credit ratings.

The latest S&P rating reflects the base-case expectation that GRENKE AG will continue to demonstrate solid performance and resilience in difficult markets. S&P expects that GRENKE will return to growth after profitability and capitalization remain robust. Further, S&P expects that GRENKE will remediate the remaining weaknesses in transparency, risk governance, and oversight, including money-laundering prevention over 2022.

Please find the latest S&P report here:
https://www.grenke.com/investor-relations/debt-capital

 

 

 

 

For further information, please contact:

GRENKE AG
Team Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone:    +49 7221 5007-204
Email:     investor@grenke.de
Website:   www.grenke.com

Press contact
Stefan Wichmann
Neuer Markt 2
76532 Baden-Baden
Mobile:  +49 (0) 171 20 20 300
Email:    presse@grenke.de