Euler Hermes reaffirms Grammer AG´s investment-grade rating
(WorldNews Germany)

Amberg, June 26, 2019 - Euler Hermes Rating GmbH has confirmed its investment grade rating for Grammer AG in its latest report. However, the rating has been lowered from BBB to BBB-. The main reason for this was the higher debt levels following the acquisition of Toledo Modling & Die. Inc. and the mounting market challenges facing the Automotive Division. Euler Hermes expects the rating to remain stable over the next 12 months thanks to the good order books of GRAMMER AG....