Rating agency Euler Hermes downgrades Scholz Holding’s credit rating to "junk" status

"Highly increased" financial risk / TTC wrote off entire stake in firm in H1

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(D) – The rating agency Euler Hermes has downgraded its rating for German steel recycling firm Scholz Holding GmbH for the third time this year. The Essingen-based company’s rating was lowered from "B-" to "CCC", which is colloquially referred to as "junk" status. The decisive reason for the downgrade was "the ...

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