Moody's: Rheinmetall view to positive

Moody's Investors Service said it changed the outlook on Rheinmetall AG's Ba1 corporate family rating, Ba1-PD profitability of default rating, Not Prime short-term issuer rating and commercial paper rating and Ba1 senior unsecured instrument rating to positive from stable.

At the same time, Moody's affirmed these ratings.

The agency said the action follows Rheinmetall's conservative management of its balance sheet over the past few years and expectations that continued earning improvements will allow key credit metrics to further strengthen over the next 12-18 months.

Moody’s said the positive outlook reflects Rheinmetall's stronger operating performance and improving cash flow generation.

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