KTG Energie AG
KTG Energie AG: Creditreform confirms stable outlook
DGAP-News: KTG Energie AG / Key word(s): Rating KTG Energie AG: Creditreform confirms stable outlook – Company’s BB+ (watch) rating confirmed at BB+ Hamburg, 17 May 2016. In its annual ratings review, Creditreform Rating AG has confirmed its rating for KTG Energie AG as BB+. In doing so, the rating agency acknowledges that the company enjoys a satisfactory financial standing with a stable outlook for the year ahead. The experts took a positive view of the improved financial key figures, the low-risk business model and the completion of the construction stage of the biogas plants. In a recent update of its own system of ratings on 2 May 2016, Creditreform Rating amended its rating for KTG Energie AG from BB+ to BB+ (watch). However, even under the new system, the agency has now confirmed its BB+ rating (satisfactory financial standing) and acknowledged the company’s stable outlook. This assessment was also and in particular influenced favourably by the company’s positive annual financial statements, the positive free cash flow and improved financial figures as well as the performance of the biogas plants and the payment guarantee secured under the Renewable Energies Act. Summing up in its report, the agency commented that thanks to the company’s low-risk business model with secure supply and remuneration, there are no fluctuations to be expected in performance or profitability. With the integration of new plants and possible acquisitions, there may well be a further improvement in the earnings situation. The rating summary drafted by Creditreform Rating AG for KTG Energie AG is available for inspection on the KTG Energie AG website under the Investor Relations heading. About KTG Energie AG Contact:
2016-05-17 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | KTG Energie AG | |
Ferdinandstr. 12 | ||
20095 Hamburg | ||
Germany | ||
Phone: | +49 40 76755372 | |
Fax: | +49 40 76755374 | |
E-mail: | info@ktg-energie.de | |
Internet: | www.ktg-energie.de | |
ISIN: | DE000A0HNG53, DE000A1ML257, | |
WKN: | A0HNG5, A1ML25 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |