Credit rating
Stay updated on our financial standing with our latest credit ratings and comprehensive debt information. Explore now for the most recent insights.
Rating
BB+
Fitch Ratings
Negative Outlook
BB-
Standard & Poor's
Stable Outlook
Ba3
Moody's
Stable Outlook
A-
JCR
Negative Outlook
Net debt (in €bn)
- In February 2022, the strategic acquisition of a 82% stake in Hella for €5.4bn led to a €4.2bn increase in debt.
The Group’s target is to be below 1.5x Net debt/Adj. EBITDA ratio at end 2025.

Contact
Individual shareholder contact
0 805 651 206
(toll-free number)
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