Moody’s rates Wintershall Dea loans Baa2

Moody's Investors Service said it assigned a Baa2 long term issuer rating to Wintershall Dea GmbH.

Moody's assigned a Baa2 rating to the company’s €3.7 billion senior bridge facility maturing in May 2020, the $1.05 billion senior term loan maturing in May 2022, the $1.05 billion senior term loan maturing in May 2024 and the €900 million revolving credit facility due in May 2024.

The outlook is stable.

The agency said Wintershall Dea's Baa2 issuer rating reflects its large and geographically diversified production, its stable midstream operations, a sound track record of operating performance, the commitment to maintain a financial policy in line with a Baa2 rating and good financial ratios.

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