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European rating agency. Objective, transparent, independent.

2,50%- Gedeckte Inhaberhaberschuldverschreibungen

Herrenhausen Investment S.A., Compartment 2

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
n.r. 30.09.2022 04.10.2022 04.10.2022
BBB Outlook STA 03.05.2022 06.05.2022 31.12.2024
BBB Outlook STA 05.04.2022 07.04.2022 31.12.2024
BBB Outlook STA 21.01.2022 24.01.2022 30.06.2024
BBB Watch UNW 14.04.2021 22.04.2021 30.06.2024
BBB Outlook STA 04.03.2021 05.03.2021 30.06.2024
BBB Outlook STA 24.08.2020 26.08.2020 30.06.2024
BBB Outlook STA 08.04.2020 15.04.2020 30.06.2024
BBB Outlook STA 09.04.2019 16.04.2019 28.03.2024
BBB Outlook POS 27.03.2018 29.03.2018 28.03.2024
BBB 25.04.2017 10.05.2017 28.03.2024

News

  • 04.10.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 06.05.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 07.04.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 24.01.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 22.04.2021
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 05.03.2021
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 26.08.2020
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 15.04.2020
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 16.04.2019
    Creditreform Rating has confirmed the rating of the bearer-bonds with ISIN DE000A1ZSFJ5 issued by Herrenhausen Investment S.A., acting on behalf of its Compartment 2 at BBB. The outlook is stable. The rating is based on the financing acquired by the issuer which has developed within the framework of our expectation. We have slightly improved our assumptions concerning the financing of a property development since the sponsor succsessfully sold one building of this development. In view of the financing of two office properties the financing benefits unchanged from a long-term rental contract and a tenant with strong creditworthiness. The acquisition of a further loan facility financing a real estate development of a residential- and office tower has initialy been taken into account. According to our calculations based on the average consideration of diverse stressed scenarios, the expected recovery rates are sufficient to fulfill the claims of the bondholders.
  • 29.03.2018
    Creditreform Rating has confirmed the rating of the bearer-bonds with ISIN DE000A1ZSFJ5 issued by Herrenhausen Investment S.A., acting on behalf of its Compartment 2 at BBB. The outlook is positive. The rating is based on the financing acquired by the issuer which has developed within the framework of our expectation. We have retained our assumptions concerning the financing of a property development since the project has mostly developed according to plan. A 10-year rental contract with a notable tenant has been closed in early 2018. In view of the financing of two office properties the financing benefits unchanged from a long-term rental contract and a tenant with strong creditworthiness. According to our calculations based on the average consideration of diverse stressed scenarios, the expected recovery rates are sufficient to fulfill the claims of the bondholders.
  • 10.05.2017
    Creditreform Rating has confirmed the rating of the bearer-bonds with ISIN DE000A1ZSFJ5 issued by Herrenhausen Investment S.A., acting on behalf of its Compartment 2 at BBB. The rating is based on the financing acquired by the issuer which has developed within the framework of our expectation. We have retained our assumptions concerning the financing of a real estate project development since the project has mostly performed according to plan. In view of the financing of two office buildings the financing profits unchanged from a long-term rental contract and a tenant with strong creditworthiness. According to our calculations based on the average consideration of diverse stressed scenarios, the expected recovery rates are sufficient to fulfill the claims of the bondholders.