Moody's upgrades Rheinmetall to Baa3; outlook stable
Moody's Investors Service, (Moody's) has today upgraded the rating of German integrated technology group Rheinmetall AG (Rheinmetall), a leading European player in defence equipment and a Tier 1 automotive supplier, assigning a long-term issuer rating of Baa3. The outlook on the rating is stable...Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.
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