Moody's and S&P change Fresenius Medical Care's rating outlook to stable
- The change of the rating outlook reflects the company's progress in restoring credit metrics and the commitment to maintain its investment grade rating
- FME is expected to maintain its good growth momentum, while continuing to improve operational performance on the back of its strong transformation progress
- Solid deleveraging prospects
BAD HOMBURG,
Both, Moody's and S&P highlighted, that FME's transformation program has supported margin improvements, and they expect further sustainable contributions in the next 12 to 24 months. FME delivered savings out of the FME25 transformation program, adjusted financial debts, grew revenue and continuously executed divestments of non-core, lower margin assets.
Moody´s expects that
S&P reflects its decision as follow: "FME's improved results demonstrated its commitment to operational efficiency. It executed its FME25 cost-cutting strategy and was able to deliver cost optimization and savings ahead of plan", and that "FME is now expected to maintain its growth momentum with organic growth in 2024 and in 2025."
"The change of the rating outlook reflects our company's transformational progress. And in restoring our credit metrics we demonstrate our commitment to maintain our investment grade rating", said
You can find the Moody's press release as a PDF via this link.
The S&P press release as a PDF please find via this link.
About Fresenius Medical Care:
For more information visit the Company's website at www.freseniusmedicalcare.com.
Disclaimer:
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to various factors, including, but not limited to, changes in business, economic and competitive conditions, legal changes, regulatory approvals, impacts related to the COVID-19 pandemic results of clinical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in
Media contact
T +49 160 60 66 770
christine.peters@freseniusmedicalcare.com
Contact for analysts and investors
Dr.
T +49 6172 609 2601
dominik.heger@freseniusmedicalcare.com
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