EANS-News: K+S Aktiengesellschaft
K+S Receives Investment Grade Ratings /
Experience Growth
K+S Aktiengesellschaft / K+S Receives Investment Grade Ratings / Experience Growth
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
banks/companies/finances/merger, acquisition and takeover
Kassel (euro adhoc) - Kassel, 23 April 2009
Experience Growth K+S Receives Investment Grade Ratings
The international rating agencies Standard & Poor's and Moody's have given K+S Aktiengesellschaft an "investment grade" rating. Standard & Poor's rates K+S as "BBB+", while Moody's rates it as "Baa2". Both agencies see the outlook as being "stable". Norbert Steiner, chairman of the Board of Executive Directors of K+S Aktiengesellschaft, is very pleased with this assessment: "Being placed in the
much sought after 'investment grade' category attests to the Group's financial position - with the acquisition of Morton Salt already included," he said. "In view of the difficult environment on the capital markets at present, this good assessment of our creditworthiness continues to enable us to engage in flexible borrowing and therefore to attain our financial targets."
Experience growth The K+S Group is one of the world's leading suppliers of speciality and standard fertilizers, plant care as well as salt products. With its products and brands, K+S offers its customers a range of needs-based goods and services which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs 12,000 people and achieved revenues of just under EUR 5.0 billion in 2008. K+S is quoted on all German stock exchanges (ISIN: DE0007162000, symbol: SDF) and listed on the DAX® share index.
Additional information can be found in the new Rating section at www.k- plus-s.com/de/ir.
Your contact persons: Investor Relations: Christian Herrmann phone: +49 561 9301-1460 fax: +49 561 9301-2425 christian.herrmann@k-plus-s.com
Press: Oliver Morgenthal phone: +49 561 9301-1047 fax: +49 561 9301-1666 oliver.morgenthal@k-plus-s.com
K+S Aktiengesellschaft Communications P.O. Box 10 20 29, 34111 Kassel, Germany Bertha-von-Suttner-Str. 7, 34131 Kassel www.k-plus-s.com __________________________________________________________
Chairman of the Supervisory Board: Dr. Ralf Bethke Board of Executive Directors: Norbert Steiner (Chairman), Joachim Felker, Gerd Grimmig, Dr. Thomas Nöcker Registered Office: Kassel Commercial Register: Kassel HRB 2669
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Investor Relations:
Christian Herrmann
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
Press:
Oliver Morgenthal
phone: +49 561 9301-1047
fax: +49 561 9301-1666
oliver.morgenthal@k-plus-s.com
Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing
Original-Content von: K+S Aktiengesellschaft, übermittelt durch news aktuell