Scope Hamburg GmbH » News » Scope Hamburg bestätigt Ratings der KGAL Gruppe und der physible GmbH

Scope Hamburg bestätigt Ratings der KGAL Gruppe und der physible GmbH

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.

Presse/Scope Hamburg GmbH:

Stefan Krasz – s.krasz@scopehamburg.com

Ferdinandstraße 29-33

20095 Hamburg

Tel.: 040 60 77 81 2 – 00

Fax: 040 60 77 81 2 – 49

www.scopehamburg.com

© 2021 Scope Hamburg GmbH (“SHG”) and/or its licensors and affiliates. All rights reserved.

CREDIT RATINGS ISSUED BY SHG ARE SHG’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND SHG’S PUBLICATIONS MAY INCLUDE SHG’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. SHG DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND, IN THE CASE OF ISSUANCE-LEVEL CREDIT RATINGS, ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND SHG’S OPINIONS INCLUDED IN SHG’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. CREDIT RATINGS AND SHG’S PUBLICATIONS ARE NEITHER A PROSPECTUS NOR A SUBSTITUTE FOR INFORMATION ASSEMBLED AND PRESENTED BY COMPANIES OR ISSUERS FOR INVESTORS REGARDING THE PURCHASE OF A SECURITY OR FOR ASSESSING THE CREDITWORTHINESS OF A RATED ENTITY. CREDIT RATINGS AND SHG’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR SHG’S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. SHG ISSUES ITS CREDIT RATINGS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, CONDUCT ITS OWN INDEPENDENT ANALYSES, CREDIT ASSESSMENTS AND OTHER VERIFICATIONS AND EVALUATIONS OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.

SHG’S CREDIT RATINGS AND SHG’S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE SHG’S CREDIT RATINGS OR SHG’S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT SHG’S PRIOR WRITTEN CONSENT.

All information contained herein is obtained by SHG from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. SHG adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources SHG considers to be reliable including, when appropriate, independent third-party sources. However, SHG is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing the SHG publications.

Please note that summaries of contracts, laws and other documents contained in any SHG publication, rating report or other materials cannot replace careful study of the relevant complete texts.

SHG and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if SHG or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by SHG. The limitations do not apply to the extent that fraud, intent or any other type of liability cannot be excluded and/or limited under applicable law.

SHG and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, on the part of, or any contingency within or beyond the control of, SHG or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information. The limitations do not apply to the extent that fraud, intent or any other type of liability cannot be excluded and/or limited under applicable law.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY SHG IN ANY FORM OR MANNER WHATSOEVER.

The dissemination and use of an SHG rating report may be prohibited by law in certain jurisdictions. Any persons who come into the possession of such information should inquire about and comply with any prohibitions that may be in place. SHG assumes no liability of any kind with respect to such dissemination and use of any rating in any jurisdiction whatsoever.

Scope Hamburg GmbH