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Press Release

First-time investment grade credit ratings assigned to TRATON SE

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Rolf Woller
Rolf Woller
Head of Treasury & Investor Relations, TRATON SE
+49 5361 9 24184 rolf.woller@volkswagen.de
Philipp Lotz
Philipp Lotz
Investor Relations
+49 (0) 89 36098-283 philipp.lotz@traton.com
Sebastian Rausch
Sebastian Rausch
Financial Media Relations, TRATON SE
+49 174 9403059 sebastian.rausch@traton.com
  • Solid investment grade ratings achieved by TRATON
  • Moody’s assigns first-time credit rating of Baa1 with negative outlook
  • S&P assigns first-time credit rating of BBB with stable outlook

Munich. Following TRATON’s successful IPO in June 2019, TRATON SE began preparations with Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P) during H2 2019 in order to set up inaugural issuer credit ratings. Post recent updates to the rating agencies reflecting estimated impacts of the COVID-19 pandemic, TRATON has decided to publish the ratings to the financial community.

Moody’s has assigned an issuer credit rating of Baa1 (outlook negative) to TRATON SE while S&P has assigned an issuer credit rating of BBB (outlook stable).

The Moody’s rating reflects TRATON GROUP’s strong market positions in Europe and South America in the heavy-duty truck segment, its sizable synergy potential between the GROUP’s brands as well as its solid liquidity profile and conservative financial policy.

The S&P rating reflects TRATON’s leading truck-maker positions in Europe and South America, its modest financial risk profile, adequate liquidity and S&P’s expectation to further execute margin and cash flow preservation measures.

Christian Schulz, Chief Financial Officer of TRATON SE: “The ratings underline the solid investment quality of TRATON SE and provide a sound and solid basis for access to liquidity for the TRATON GROUP.”

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The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.