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EQS-Adhoc: K+S Aktiengesellschaft: Intended improvement in S&P rating

eqs_en 
0 0 25.11.22
EQS-Adhoc: K+S Aktiengesellschaft: Intended improvement in S&P rating: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23723/Ks_logo.svg.png
 

EQS-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Rating
K+S Aktiengesellschaft: Intended improvement in S&P rating

25-Nov-2022 / 17:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

S&P Global Ratings ("S&P") today informed K+S Aktiengesellschaft that the S&P Rating Committee has decided to improve the long-term credit rating of K+S Aktiengesellschaft from BB (stable outlook) to BB+ (positive outlook). This is not yet the formal change of the rating, as the rating action will only be finalized upon publication by S&P. 

A public tender offer to the holders of the outstanding bond maturing in 2024 (ISIN: XS1854830889) for buy-back in cash, valid and effective only outside the territory of the United States, is currently underway (see announcement dated November 18, 2022 at www.kpluss.com/adhoc-bond-buy-back). Bondholders who have already tendered bonds for purchase and wish to reverse that decision in light of the information above may do so by contacting the tender agent, Kroll Issuer Services Limited, at https://deals.is.kroll.com/kpluss. The above public tender offer for buy-back in cash will remain in place unchanged until 4 p.m. CET on Tuesday, November 29, 2022. 



Contact:
Investor Relations:
Julia Bock, CFA
Phone: +49 561 9301-1009
[email protected]

25-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: K+S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
34131 Kassel
Germany
Phone: +49 561 9301 0
Fax: +49 561 9301 2425
E-mail: [email protected]
Internet: www.k-plus-s.com
ISIN: DE000KSAG888
WKN: KSAG88
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1498065

 
End of Announcement EQS News Service

1498065  25-Nov-2022 CET/CEST

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K+S AG Stock

€13.58
-1.560%
We can see a decrease in the price for K+S AG. Compared to yesterday it has lost -€0.215 (-1.560%).
With 2 Buy predictions and 1 Sell predictions the community is currently undecided on K+S AG.
As a result the target price of 14 € shows a slightly positive potential of 3.09% compared to the current price of 13.58 € for K+S AG.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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