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Bulletin: Austrian Sensor Solutions Provider ams AG's Credit Ratios Still Likely To Strengthen Despite Its OSRAM Stake Increase

Published Jun 23, 2021

3 pages (1253 words) — Published Jun 23, 2021

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Abstract:

STOCKHOLM (S&P Global Ratings) June 23, 2021--S&P Global Ratings today said that ams AG's (BB-/Negative/--) increased stake in OSRAM to 80.3%, from 72%, is in line with our previous base case. We expect its credit ratios, which are currently outside our thresholds for the rating of adjusted debt to EBITDA below 3.5x and free operating cash flow (FOCF) to debt exceeding 10%, are likely to strengthen in the coming quarters. ams took full control of OSRAM in early March 2021 when the domination and profit and loss transfer agreement came into force. This made it easier for ams to execute its integration plan and reach its synergy target of €350 million by 2024, with €50 million already achieved. We anticipate

Report Type:

Bulletin

Ticker

AMS@SW

Issuer

ams AG

Sector

Global Issuers

Country

Austria

Region

Europe, Middle East, Africa

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Austrian Sensor Solutions Provider ams AG's Credit Ratios Still Likely To Strengthen Despite Its OSRAM Stake Increase" Jun 23, 2021. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Austrian-Sensor-Solutions-Provider-ams-AG-s-Credit-Ratios-Still-Likely-To-Strengthen-Despite-Its-OSRAM-Stake-Increase-2673551>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Austrian Sensor Solutions Provider ams AG's Credit Ratios Still Likely To Strengthen Despite Its OSRAM Stake Increase Jun 23, 2021. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Austrian-Sensor-Solutions-Provider-ams-AG-s-Credit-Ratios-Still-Likely-To-Strengthen-Despite-Its-OSRAM-Stake-Increase-2673551>

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