Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed

Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed
Published Dec 27, 2017
8 pages (2707 words) — Published Dec 27, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Germany-based health care group Fresenius SE&Co. KGaA is set to post robust operating results and leverage (debt to EBITDA) of less than 3.5x at year-end 2017. The group's three main business units announced significant acquisitions in the past 18 months, but we still expect net debt to EBITDA at about 3.5x in both 2017 and 2018. We are revising our outlook on the Fresenius group to positive from stable and affirming our 'BBB-' rating. The positive outlook reflects the possibility that we could upgrade the group within 12 to 18 months, if we see further evidence that its external growth policy is consistent with S&P Global Ratings-adjusted leverage of about 3.5x. On Dec. 27, 2017, S&P Global Ratings

  
Brief Excerpt:

...Germany-based health care group Fresenius SE & Co. KGaA is set to post robust operating results and leverage (debt to EBITDA) of less than 3.5x at year-end 2017....

  
Report Type:

Research Update

Ticker
FRE@GR
Issuer
Fresenius SE&Co. KGaA
GICS
Health Care Services (35102015)
Sector
Global Issuers
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed" Dec 27, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Outlook-On-Fresenius-Group-Revised-To-Positive-On-Better-Than-Expected-Leverage-Ratios-BBB-Rating-Affirmed-1976264>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Outlook On Fresenius Group Revised To Positive On Better-Than-Expected Leverage Ratios; 'BBB-' Rating Affirmed Dec 27, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Outlook-On-Fresenius-Group-Revised-To-Positive-On-Better-Than-Expected-Leverage-Ratios-BBB-Rating-Affirmed-1976264>
  
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