Development
Scope Hamburg GmbH (Scope) has downgraded the issuer rating of Grammer AG to BB/Stable from BB+/under review for changes in methodologies. The downgrade follows a review of the issuer rating after the introduction of changed rating methodologies at Scope Hamburg on 2 May 2022. Simultaneously, Scope Hamburg has assigned a S-3 short-term debt rating.
| Rating history | Notation/outlook | Rating report |
| 22.06.2022 | BB / stable |  |
| 02.05.2022 | BB+ / under review for changes in methodologies | |
| 22.06.2021 | BB+ / stable | |
| 04.06.2020 | BB+ / negative | |
| 23.03.2020 | BBB- / watch negative | |
| 29.05.2019 | BBB- / stable | |
| 28.09.2018 | BBB / watch uncertain | |
| 18.05.2018 | BBB / stable | |
| 02.08.2017 | BBB / stable | |
| 03.05.2017 | BBB / watch negative | |
| 21.07.2016 | BBB / stable | |
