Rating bureau sees increasing risk for Rickmers Holding

Following the meltdown of the German KG scheme, Rickmers Holding is paying a high price for raising capital in the bond market, says German rating bureau Creditreform, according to Alphaliner.

BY OLE ANDERSEN

German rating bureau Creditreform has downgraded Rickmers Holding's debt by tree notches, from BB to B, due to an increasing risk related to bond loans combined with continuing uncertainty regarding general market developments, says Alphaliner on Tuesday.

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