Scope Hamburg GmbH bestätigt erneut die Bonitätseinstufung der KGAL GmbH & Co. KG mit BBB-. Die führende Marktposition als Investment- und Assetmanager für Sachwertanlagen sowie die hohe Liquidität, die sehr gute Kapitalstruktur und die stabile Erlösbasis aus langfristigen Verwaltungsverträgen sind maßgebend für die Einschätzung der Analysten. Die Agentur erwartet eine stabile Entwicklung des Ratings.
Das Rating der physible Enterprise I 18/23 Anleihe der KGAL Tochtergesellschaft physible GmbH mit einem Volumen von € 30 Mio. und einer Laufzeit bis längstens 2023 wurde ebenfalls von der Scope Hamburg GmbH überprüft und mit BBB bestätigt. Maßgebend für das Anleiherating sind nach Angaben der Agentur das Emittentenrating der KGAL GmbH & Co. KG, die angemessenen Gläubigerschutzrechte sowie die erwartete Rückführungsquote.
Die KGAL Gruppe ist ein unabhängiger Investment- und Assetmanager mit einem Investitionsvolumen von rund 15,2 Milliarden Euro, rund 353 Mitarbeitern und konsolidierten Erträgen aus dem Dienstleistungs- und Provisionsgeschäft von 71,0 Millionen Euro im Geschäftsjahr 2020. Der Schwerpunkt der Investments liegt auf langfristigen Realkapitalanlagen für institutionelle Investoren in den Assetklassen Immobilien, Infrastruktur und Flugzeuge. Die europaweit tätige Gruppe wurde vor mehr als 50 Jahren gegründet und hat ihren Sitz in Grünwald bei München. Die physible GmbH ist eine 100-prozentige Tochtergesellschaft der KGAL GmbH & Co. KG.
Die Zusammenfassung des Ratingberichts sowie die relevante Rating Methode sind auf www.scopehamburg.com veröffentlicht.
Emittentenrating – KGAL GmbH & Co. KG
Emissionsrating – physible GmbH (Anleihe Enterprise I 2018/23)
Die Scope Hamburg GmbH (vormals Euler Hermes Rating GmbH) wurde 2001 als unabhängige europäische Ratingagentur gegründet und konzentriert sich auf Unternehmens- und Projekt-Ratings. Die Scope Hamburg GmbH ist gemäß der Verordnung (EG) Nr. 1060/2009 des Europäischen Parlaments registriert und wird von der European Banking Authority (EBA) als externe Ratingagentur (ECAI) anerkannt. Die Scope Hamburg GmbH ist eine Tochtergesellschaft der Scope Group, dem führenden europäischen Anbieter von unabhängigen Kreditratings, ESG-Analysen und Fondsanalysen.
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