Scope Hamburg places issuer rating of Grammer AG under review for changes in methodologies
Scope Hamburg GmbH (Scope Hamburg) has placed the BB+ issuer rating of Grammer AG under review for changes in methodologies (‘watch status’). The watch status results from the retirement of existing SH rating methodologies and introduction of rating methodologies, policies, and procedures applicable at Scope Group CRAs. Effective from 2 May 2022, all new ratings assigned by Scope Hamburg and existing corporate ratings currently assigned by Scope Hamburg will be in application of Scope Ratings rating methodologies.
Scope Hamburg will resolve the status of those ratings placed under review for changes in methodologies within six months following the effective day of the applicable rating methodologies but strives for a quicker resolution of the watch status.
Further information on this rating, corresponding reports and applied methodologies can be found at scopehamburg.com
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Scope Hamburg GmbH
2 May 2022