Euler Hermes Rating überprüft Rating der Grammer AG

Hamburg (ots) - Euler Hermes Rating überprüft aus aktuellem Anlass
das BBB Rating der Grammer AG und setzt es mit unbestimmtem Ausblick
auf die Watchlist. Hintergrund ist das angekündigte Ausscheiden der
drei Vorstandsmitglieder nach der mehrheitlichen Übernahme der
Grammer AG durch Ningbo Jifeng.

Die Vorstandsmitglieder haben auf der Grundlage vertraglicher
Kontrollwechselklauseln erklärt ihre Ämter innerhalb der nächsten
Monate auf eigenen Wunsch niederlegen zu wollen. Nach Einschätzung
der Ratingagentur führt der Rückzug der Vorstandsmitglieder zu
erhöhten Risiken für die Kontinuität der Unternehmensführung.
Stabilisierende Einflüsse sehen die Analysten in diesem Zusammenhang
in der unveränderten Besetzung des Aufsichtsrates, und der aktuell
positiven Geschäftsentwicklung der Grammer AG. Darüber hinaus hält
Euler Hermes Rating eine geregelte, interne Nachfolge des
Technikvorstandes noch für möglich.

Die Grammer AG ist auf die Entwicklung, Herstellung und den
Vertrieb von Fahrer- und Passagiersitzen für Offroad-Fahrzeuge, Lkw
und Busse sowie von Komponenten und Systemen für die
Pkw-Innenausstattung spezialisiert. Im Geschäftsjahr 2017
erwirtschaftete Grammer mit im Jahresdurchschnitt 12.947 Mitarbeitern
einen Konzernumsatz von EUR 1,8 Mrd.

Die Euler Hermes Rating GmbH (Euler Hermes Rating) wurde 2001 als
unabhängige europäische Ratingagentur der Euler Hermes und Allianz
Gruppe gegründet und fokussiert sich auf das Rating von Emittenten
und Emissionen. Euler Hermes Rating ist gemäß der Verordnung (EG) Nr.
1060/2009 des Europäischen Parlaments und des Rates als Credit Rating
Agency (CRA) registriert und wird als External Credit Assessment
Institution (ECAI) bei der European Banking Authority (EBA) geführt.
Euler Hermes Rating ist eine Tochtergesellschaft von Euler Hermes
(ELE:PA), dem weltweiten Marktführer im Kreditversicherungsgeschäft.

Aktuelle Ratings veröffentlicht die Ratingagentur auf
eulerhermes-rating.com.

Methodik

Dieses Rating wurde auf Basis der aktuellen Methode
Emittentenrating der Euler Hermes Rating GmbH erstellt, die unter
eulerhermes-rating.com veröffentlicht ist.

© 2018 Euler Hermes Rating GmbH ("EHRG") and/or its licensors and
affiliates. All rights reserved.

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