(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 ...
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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