Announcements

    Drinks

      FRIDAY, 12/01/2024 - Scope Ratings GmbH
      Download PDF

      Scope has updated its analytical report on Mercedes-Benz Group AG

      Monitoring review announcement.

      Following the recent upgrade of the issuer rating to A+/Stable from A/Positive, Scope has updated its analytical report on Mercedes-Benz Group AG.

      The rating upgrade is driven by Mercedes-Benz Group’s improved business risk profile on the back of structurally higher operating profitability, stemming from the strategic shift to the luxury space coupled with a continuous streamlining of the fixed cost base. The rating continues to be strongly supported by its financial risk profile, which has further improved in terms of debt protection and net cash position.

      The Stable Outlook reflects Scope’s expectations that the group’s profitability will show strong resilience amid continued inflationary pressures, a challenging demand environment and intensified competition in the electric vehicle space. The stable Outlook also reflects Scope’s expectation that Mercedes-Benz group will maintain solid credit metrics, even in a less supportive environment in the next 12-18 months.

      This monitoring note does not constitute a credit rating action, nor does it indicate the likelihood that Scope will conduct a credit rating action in the short term. On 22 December 2023, Scope upgraded the issuer rating to A+/Stable from A/Positive. Scope also upgraded the senior unsecured debt rating to A+ from A and the short-term debt rating to S-1+ from S-1. Click here for the corresponding rating action release. The latest information on the credit ratings in this monitoring note along with the associated rating history can be found on www.scoperatings.com.

      Click here to access the full report.

      Related news

      Show all
      Scope affirms SBB’s ratings and resolves the under review status

      12/7/2024 Rating announcement

      Scope affirms SBB’s ratings and resolves the under review status

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      12/7/2024 Rating announcement

      Scope publishes Michelin’s A/Stable issuer rating for the ...

      Scope upgrades IB Invest to CC/Stable

      12/7/2024 Rating announcement

      Scope upgrades IB Invest to CC/Stable

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      12/7/2024 Monitoring note

      Scope has completed a monitoring review on Futureal ...

      Scope affirms the BB+/Stable issuer rating of BLS Beteiligungs GmbH

      10/7/2024 Rating announcement

      Scope affirms the BB+/Stable issuer rating of BLS ...

      European retail: defaults still on rise after jump in 2023; discretionary-goods suppliers at risk

      9/7/2024 Research

      European retail: defaults still on rise after jump in 2023; ...