S&P increase rating for Pfleiderer Group to B+ with positive outlook

Standard & Poor’s Global Ratings has increased the long-term corporate credit rating for the Pfleiderer Group and German company PCF GmbH, a 100 percent subsidiary, to B+ from B, the agency said. The rating outlook is positive. “The increase occurs after Pfleiderer improved its operating results and due to our expectations that lower interest expenditure and…

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