HORNBACH Attains Investment Grade Rating from Scope Ratings

HORNBACH Holding AG & Co. KGaA has received a BBB- investment-grade issuer rating with a stable outlook from Scope Ratings. This European rating agency acknowledges the company's positive growth prospects and solid long-term fundamentals. Horbach's extensive geographic diversification, significant regional market shares, and omnichannel structure are highlighted. The rating also notes robust cash conversion and strong interest coverage.

Mirko Sawary, Head of Treasury and Corporate Finance at HORNBACH, expressed satisfaction with the rating, affirming it as a recognition of the company's strong and stable financial performance and its advantageous position for future financing. Additionally, the company received an S-2 short-term debt rating and a BBB- long-term senior unsecured debt rating.