Creditreform Rating (CRA) has affirmed the unsolicited corporate issuer ratings of Deutsche Post AG - hereinafter referred to as DEUTSCHE POST -, Deutsche Post Finance B.V. as well as unsolicited corporate issue ratings of the long-term local currency senior unsecured issues of Deutsche Post AG and Deutsche Post Finance B.V. at A- and changed the outlook from stable to positive. This change is based on our expectation that, after an already solid business development in 2020, the Company will significantly improve its operating performance in 2021, as evidenced in the first half of 2021 earnings results. Hence, DEUTSCHE POST has also made a forecast increase to its earnings targets. Nevertheless, it remains to be seen how the Company will perform during the second half of the year and if the stronger operating results prove to be sustainable amid still uncertain market conditions.
Creditreform Rating has confirmed the unsolicited Corporate Issuer Rating of Deutsche Post AG at A- with stable outlook. In 2019, the company showed again a satisfactory operating performance. Despite the temporary pushbacks, caused by the COVID-19 crisis, the company was able to generate positive results in the first half of 2020, but with significant declines compared to the previous-year period. The current in part high volatile economic environment, as a result of the worsening pandemic, should be largely compensated for by the adjusted strategy as well as megatrends, in particular the rapidly growing e-commerce business. Besides its market position and diversified business model, the classification as a moderate state-owned company has also had, among other things, a positive impact on the rating. The classification is especially due to the 20.5% stake held by the German Kreditanstalt für Wiederaufbau (national business development bank) as well as due to a certain systemic relevance.
Creditreform Rating has carried out an unsolicited rating of Deutsche Post AG. The rating has been set to A- with stable outlook.