Announcements

    Drinks

      Scope affirms Vonovia’s issuer rating at A- and maintains a Negative Outlook

      2/7/2024 Rating announcement EN

      Scope affirms Vonovia’s issuer rating at A- and maintains a Negative Outlook

      The Negative Outlook reflects the significant risk that high leverage may persist for a prolonged period, despite the company’s ongoing deleveraging efforts through asset sales.

      Scope affirms A- issuer rating on Vonovia SE; revises Outlook to Negative from Stable

      29/6/2023 Rating announcement EN

      Scope affirms A- issuer rating on Vonovia SE; revises Outlook to Negative from Stable

      The change in Outlook to Negative is due to the increased risk that deleveraging efforts might fail to produce a leverage ratio in line with the current rating.

      Scope affirms A-/Stable issuer rating on Vonovia SE

      8/7/2022 Rating announcement EN

      Scope affirms A-/Stable issuer rating on Vonovia SE

      The affirmation is supported by the strategy to suspend issuance of incremental debt, which benefits credit metrics and expands the buffer against the effect of weaker sentiment in the German housing market.

      Scope affirms A-/Stable issuer rating of Vonovia S.E.

      9/12/2021 Rating announcement EN

      Scope affirms A-/Stable issuer rating of Vonovia S.E.

      The affirmation is driven by Vonovia’s successful deleveraging efforts following the acquisition of Deutsche Wohnen S.E., with credit metrics reaching a level commensurate with the ratings in the coming months.

      Scope affirms A-/Stable rating of Vonovia SE

      26/5/2021 Rating announcement EN

      Scope affirms A-/Stable rating of Vonovia SE

      The affirmation is driven by the credit-neutral impact of a successful acquisition of Deutsche Wohnen S.E., with a clear path to deleveraging bringing credit metrics back to pre-transaction levels by YE 2022 at the latest.

      Scope affirms A-/Stable issuer rating of Vonovia S.E.

      17/8/2020 Rating announcement EN

      Scope affirms A-/Stable issuer rating of Vonovia S.E.

      The affirmation is driven by Vonovia's strong business risk profile, which supports cash flow generation, leading to stable credit metrics with limited downside volatility.

      Scope assigns first time issuer rating of A- to Vonovia S.E., Outlook Stable

      13/12/2019 Rating announcement EN

      Scope assigns first time issuer rating of A- to Vonovia S.E., Outlook Stable

      The rating reflects the issuer's strong business risk profile backed by an increasing share of rental income from outside of Germany following merger control clearance for the Hembla AB acquisition, while credit metrics remain stable.