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Prospect News home > News index > List of issuers W > Headlines for Wendel SA > News item
Published on 1/25/2019 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P elevates Wendel

S&P said it raised to BBB/A-2 from BBB-/A-3 its ratings on Wendel and raised to BBB from BBB- and to BBBp from BBB-p its issue ratings on the company's senior unsecured debt.

“The upgrade reflects our view of Wendel's active portfolio management in the second half of 2018, resulting in successful maintenance of a loan-to-value ratio below 10% despite difficult market conditions,” S&P said in a news release.

The outlook is stable.


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