After the merger in June 2002, Wendel sought a rating from Standard & Poor’s. November 8, 2007, Standard & Poor’s issued a long-term rating of BBB with a stable outlook and a short-term rating of A-2.
28/01/2008
On Monday January 21, 2008, in a context of the deterioration in markets, Standard & Poors’ placed Wendel on negative credit watch with the possibility of a downgrading of its rating by one or two notches. Today Standard & Poors’ adjusted the long-term credit rating of Wendel from BBB to BBB-, under watch with a negative implication, and adjusted the short-term credit rating from A-2 to A-3.
On April 17, 2008 Standard & Poor's Ratings Service affirmed its 'BBB- /A-3' long- and short- term coporate credit ratings on Wendel and removed them from CreditWatch with negative implications, where they were placed on Jan. 21, 2008. The outlook is negative.
June 25, 2008, Standard & Poor's Rating Services said today that it has placed its 'BBB-/A-3' long- and short-term corporate credit rating on Wendel on CreditWatch with negative implications, as the group's gearing has increased as a consequence of depressed market conditions...
Aug. 13, 2008, Standard & Poor's Ratings Services affirmed its 'BBB-/A-3'
long- and short-term corporate credit ratings on French investment holding
company Wendel and removed them from CreditWatch with negative implications,
where they were placed on June 25, 2008. The outlook is negative...
