Rating
As a company oriented towards the capital markets, Logwin has been externally rated by the rating agencies "Moody's" and "Standard and Poor's" since it issued its subordinate corporate bond in December 2004.
Based on the continued difficult macroeconomic situation, Moody’s expects a dramatic negative impact on the transport and logistics market and changed its rating for the company from “B2” to “B3” in July 2009. The rating for the corporate bond was reduced from “Caa1” to “Caa2”. At his lower rating level, Moody’s raised the outlook from “negative” to “stable” despite the current difficult market conditions.
Standard & Poor's rating has been changed as well in the course of 2009. The rating agency places the Logwin Group in the "B-" rating category and the corporate bond in the "CCC+" rating category as of November 2009. Its outlook for the company is "stable" due to the solid liquidity situation.
| Logwin Group | Corporate Bond | Outlook | Date | |
|---|---|---|---|---|
| Moody's | B3 | Caa2 | Stable | July 2009 |
| Standard & Poor's | B- | CCC+ | Stable | November 2009 |