MS ‘Deutschland’ Beteiligungsgesellschaft mbH
MS DEUTSCHLAND Beteiligungsgesellschaft mbH commissions Feri EuroRating to compile a follow-up rating
MS ‘Deutschland’ Beteiligungs GmbH / Key word(s): Bond PRESS RELEASE MS DEUTSCHLAND Beteiligungsgesellschaft mbH commissions Feri EuroRating to compile a follow-up rating – The commissioning of the follow-up rating fulfils the requirement for remaining in the Entry Standard of Deutsche Börse Neustadt in Holstein, 12 February 2014. MS ‘Deutschland’ Beteiligungsgesellschaft mbH (‘MS Deutschland GmbH’) has commissioned Feri EuroRating Services AG (‘Feri’), one of the leading European rating agencies, to compile a follow-up rating for the company’s bond. The follow-up rating process has therefore been initiated and will be completed as soon as possible. MS Deutschland GmbH will provide Feri with any information on the company and its business situation that is relevant to the follow-up rating process. This includes the valuation report that confirmed the value of the ship MS DEUTSCHLAND at an unchanged figure of USD 100 million in October 2013. As outlined in the prospectus, the value of the ship is reviewed each year in a valuation report commissioned by the bond trustee. The bond of MS Deutschland Beteiligungsgesellschaft mbH, which has a total volume of EUR 50 million, is secured by the senior ship mortgage. This is the only bond with this kind of collateral on the German mid-cap bond market, and is one of the key factors affecting the credit rating of the MS Deutschland GmbH bond. A rating is a requirement for the bond being listed in the Entry Standard of Deutsche Börse AG. The commissioned follow-up rating therefore paves the way for the bond to retain its listing in this market segment. Christopher Nolde, Managing Director of MS Deutschland GmbH, said: ‘We are pleased to be supporting the interests of our shareholders by initiating this follow-up rating process. At the same time, this represents the basis for a listing in the Entry Standard of Deutsche Börse to be retained.’ MS Deutschland GmbH completed the 2013 business year within the turnover and earnings forecast published in September 2013. These figures show that the number of regular guests who booked a trip on the MS DEUTSCHLAND rose by around 14% compared to the previous year, 2012. The management is also confident with regard to the current business year. ‘As of the start of the week, the level of bookings for the MS DEUTSCHLAND in 2014 is still almost 28% higher than the corresponding figure in the previous year. This reinforces our chosen strategy of consistently positioning ourselves in the luxury segment, and we will continue steadily along this path,’ said Christopher Nolde, Managing Director of MS Deutschland GmbH.
About MS ‘Deutschland’ Beteiligungsgesellschaft mbH: MS ‘Deutschland’ Beteiligungsgesellschaft mbH, headquartered in Neustadt in Holstein (Germany), operates cruises worldwide throughout the year as the owner of the ocean cruise liner MS DEUTSCHLAND, also known as the ‘Traumschiff’ from the television series of the same name. With a length of 175m and a width of 23m, MS DEUTSCHLAND as ‘grand hotel of the high seas’ has a total of 294 passenger cabins. The ship received the award of ‘Best Ship of 2013’ from both the Lufthansa City Center travel agencies and Diners Club. With Reederei Peter Deilmann GmbH, Touristik-Bureau International GmbH and Deutsche Kreuzfahrt Management Services GmbH, MS ‘Deutschland’ Beteiligungsgesellschaft mbH also includes fully-owned subsidiaries that look after sales, marketing and operation of the cruise ship. To find out more: This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. MS ‘Deutschland’ Beteiligungsgesellschaft mbH would like to point out that the actual circumstances and, consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons. End of Corporate News 12.02.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | MS ‘Deutschland’ Beteiligungs GmbH | |
Am Holm 25 | ||
23730 Neustadt in Holstein | ||
Germany | ||
Phone: | 04561/396-0 | |
Fax: | 04561/396-121 | |
E-mail: | info@msdeutschland-gmbh.de | |
Internet: | www.msdeutschland-gmbh.de | |
ISIN: | DE000A1RE7V0 | |
WKN: | A1RE7V | |
Listed: | Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
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