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European rating agency. Objective, transparent, independent.

3,50%- Unbesicherte Inhaberschuldverschreibungen 2016/2021

HFS Helvetic Financial Services AG

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Outlook NEG 12.12.2019 18.12.2019 04.10.2021
BBB 13.12.2018 19.12.2018 04.10.2021

News

  • 18.12.2019
    Creditreform Rating downgraded its solicited corporate issue rating of the corporate bond of HFS Helvetic Financial Services AG (HFS) with ISIN DE000A186WC7 from BBB to BBB-. The adjustment is based solely on the development of the HFS corporate issuer rating with the same determination date. Despite the installed equity covenants, the non-subordinated and unsecured bond has only a small number of creditor protection mechanisms, which is why negative notching was used by a notch compared to the unsolicited corporate issuer rating. Similar to the corporate issuer rating, the rating outlook is set negative.
  • 19.12.2018
    Creditreform Rating has set the rating of the bearer bond of HFS Helvetic Financial Services AG with ISIN DE000A186WC7 unchanged at BBB. Despite the installed equity covenants, the non-subordinated and unsecured bearer bond has only a small number of creditor protection mechanisms, which is why a negative notching by one notch was used compared to the unsolicited corporate issuer rating.