Our credit view of this issuer reflects its leading market position, offset by its credit metrics that are likely to remain weak over the next 12-18 months.
Acquisition of the remaining stake in CropEnergies will slow deleveraging, but impact on credit metrics will be compensated by stronger-than-expected cash generation year to date.
Our credit view of Suedzucker reflects its strong operating performance recovery, good liquidity and strong metrics, offsetting potential margin volatility due to swings in sugar prices.
Our credit view of Suedzucker reflects the current record high ethanol and sugar prices that are supporting profits while the rating is constrained by historical volatility
Our credit view of Suedzucker reflects its improving profitability and cash generation, which will help mitigating potential volatility in sugar and ethanol prices.