Amsterdam, 13 June 2016 – Creditreform Rating AG has upgraded the corporate rating of Metalcorp Group B.V., a specialist for the global physical trade in steel and non-ferrous metals and one of Europe’s leading independent producers of secondary aluminium slabs, from BB (watch) to BB+. This upgrade results from a rating review which was conducted due to a methodology change of Creditreform Rating AG.
About Metalcorp Group B.V.:
METALCORPGROUP operates in two segments, ‘Steel and NF Metals Trading’ and ‘Production of Secondary Aluminium’, where the company focuses on back-to-back transactions requiring no stock-keeping, which makes its operations effectively immune to current price trends in the international commodity markets. Key members of METALCORPGROUP include BAGR Berliner Aluminiumwerk GmbH, a company active since 1997, and the Steelcom Group, whose activities date back to the 1960s. An annual output of roughly 70,000 tons makes BAGR one of Europe’s leading independent producers of high-quality secondary aluminium slabs. Metalcorp Group B.V.’s corporate bond (ISIN: DE000A1HLTD2) has been listed in the Entry Standard for corporate bonds of Deutsche Börse AG’s Open Market (‘Freiverkehr’ of the Frankfurt Stock Exchange) since June 2013