08.06.2016 15:24:36
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DGAP-News: KTG Energie AG
DGAP-News: KTG Energie AG's corporate rating set to (watch)
08.06.2016 15:24
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.
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KTG Energie AG's corporate rating set to (watch)
Hamburg, 8 June 2016 - Creditreform Rating has set KTG Energie AG's corporate rating of BB+ to (watch) as part of its monitoring activities. In a press release issued on June 6, 2016, the parent company KTG Agrar SE announced payment default on interest relating to the loan 2012/2017 (ISIN DE000A1H3VN9). As KTG Agrar SE did not provide sufficient information in relation to this matter, the company's rating was suspended. The financing relationships between the two companies are being verified for changes since the last rating of KTG Energie AG due to the latest development as well as corporate governance risks. The corporate rating of the parent company KTG Agrar SE has significant influence on that of the subsidiary KTG Energie AG which has been set to (watch) on this basis.
About KTG Energie AG KTG Energie AG is committed to an integrated, sustainable business model in which the production of renewable commodities does not compete with foodstuff production. With 85 employees at the end of 2015, KTG Energie AG operated biogas plants with a total capacity of more than 60 MW, which both feed processed biogas directly into the Natural Gas grid and use biogas for power production. From fiscal year 2015/2016, this will result in a secured sales base of up to EUR90 million and an EBITDA base of up to EUR28 million.
Contact: Investor Relations / Press Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-8122 16 E-mail: weitzel@kommunikation-bsk.de
08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: KTG Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de Internet: www.ktg-energie.de ISIN: DE000A0HNG53, DE000A1ML257, WKN: A0HNG5, A1ML25 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
KTG Energie AG / Key word(s): Rating
08.06.2016 15:24
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
KTG Energie AG's corporate rating set to (watch)
Hamburg, 8 June 2016 - Creditreform Rating has set KTG Energie AG's corporate rating of BB+ to (watch) as part of its monitoring activities. In a press release issued on June 6, 2016, the parent company KTG Agrar SE announced payment default on interest relating to the loan 2012/2017 (ISIN DE000A1H3VN9). As KTG Agrar SE did not provide sufficient information in relation to this matter, the company's rating was suspended. The financing relationships between the two companies are being verified for changes since the last rating of KTG Energie AG due to the latest development as well as corporate governance risks. The corporate rating of the parent company KTG Agrar SE has significant influence on that of the subsidiary KTG Energie AG which has been set to (watch) on this basis.
About KTG Energie AG KTG Energie AG is committed to an integrated, sustainable business model in which the production of renewable commodities does not compete with foodstuff production. With 85 employees at the end of 2015, KTG Energie AG operated biogas plants with a total capacity of more than 60 MW, which both feed processed biogas directly into the Natural Gas grid and use biogas for power production. From fiscal year 2015/2016, this will result in a secured sales base of up to EUR90 million and an EBITDA base of up to EUR28 million.
Contact: Investor Relations / Press Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-8122 16 E-mail: weitzel@kommunikation-bsk.de
08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: KTG Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de Internet: www.ktg-energie.de ISIN: DE000A0HNG53, DE000A1ML257, WKN: A0HNG5, A1ML25 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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