SAF-HOLLAND Receives Confirmed BBB- Rating and Positive Outlook from Scope

On May 2, 2024, SAF-HOLLAND SE, a leading global supplier of trailer and truck components, announced a positive development in its financial evaluation by Scope Ratings GmbH. The Scope report reaffirmed the company's investment grade rating at BBB- and upgraded its outlook from stable to positive. This adjustment reflects SAF-HOLLAND's robust market position, diversified customer base, and significant presence in the aftermarket sector, which is less affected by economic cycles.

The upgrade also acknowledges improvements in key financial ratios and the company’s enhanced financial risk profile. According to Scope, further advancements in SAF-HOLLAND’s leverage ratio and continued cash flow generation could potentially lead to another rating upgrade in the medium to long term. This news was shared in a detailed rating report available on the SAF-HOLLAND website.