Wendel announces the discontinuation of its credit rating from Moody’s
05 June 2024 - 1:45AM
Wendel announces the discontinuation of its credit rating from
Moody’s
Wendel announces the discontinuation of its
credit rating from Moody’s.
For its own business reasons, including its cost
management, Wendel has decided not to request anymore for Moody’s
sollicitated rating as of end of May 2024. Wendel has decided to
uphold a single Issuer Credit Rating and bond rating by S&P
Global Ratings. S&P assigned a long term BBB rating, a short
term A-2 rating with a stable outlook since 2019.
Agenda
Wednesday July 31, 2024
H1 2024 results - Publication
of NAV as of June 30, 2024, and condensed Half-Year consolidated
financial statements (post-market release)
Thursday October 24, 2024
Q3 2024 Trading update -
Publication of NAV as of September 30, 2024 (post-market
release)
Thursday December 5, 2024
2024 Investor Day
About Wendel
Wendel is one of Europe’s leading listed
investment firms. The Group invests in Europe and North America in
companies which are leaders in their field, such as ACAMS, Bureau
Veritas, Crisis Prevention Institute, IHS Towers, Scalian, Stahl
and Tarkett. Wendel often plays an active role as a controlling or
significant shareholder in its portfolio companies. Wendel seeks to
implement long-term development strategies, which involve boosting
growth and margins of companies so as to enhance their leading
market positions. With Wendel Growth, Wendel also invests via funds
or directly in innovative, high-growth companies. In 2023, Wendel
initiated a strategic shift into third-party asset management of
private assets with the acquisition of IK Partners as a first step,
alongside its historical principal investment activities.
Wendel is listed on Eurolist by Euronext
Paris.
Standard & Poor’s ratings: Long-term: BBB,
stable outlook – Short-term: A-2 since January 25, 2019
Wendel is the Founding Sponsor of Centre
Pompidou-Metz. In recognition of its long-term patronage of the
arts, Wendel received the distinction of “Grand Mécène de la
Culture” in 2012.
For more information: wendelgroup.com
Follow us on LinkedIn
@Wendel
| Press
contacts |
Analyst and investor contacts |
| Christine Anglade: +
33 1 42 85 63 24 |
Olivier Allot: +33 1 42 85 63 73 |
|
c.anglade@wendelgroup.com |
o.allot@wendelgroup.com |
| |
|
| Caroline Decaux: +33 1
42 85 91 27 |
Lucile Roch: +33 1 42 85 63 72 |
|
c.decaux@wendelgroup.com |
l.roch@wendelgroup.com |
| |
|
| Primatice |
|
| Olivier Labesse: +33 6
79 11 49 71 |
|
|
olivierlabesse@primatice.com |
|
| Hugues Schmitt: +33 6
71 99 74 58 |
|
|
huguesschmitt@primatice.com |
|
| |
|
| Kekst CNC |
|
| Todd Fogarty: +1 212
521 4854 |
|
|
todd.fogarty@kekstcnc.com |
|
- Wendel_PR_Moody's_04.06.2024
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