European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Inhaberschuldverschreibungen "Dexter Bonds"

Dexter S.C.A., SICAV-RAIF

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A Watch NEW 05.12.2023 12.12.2023 31.10.2034
A Outlook STA 24.11.2022 29.11.2022 31.10.2034
A- Outlook STA 11.11.2021 12.11.2021 31.10.2034
A- Outlook STA 28.09.2020 01.10.2020 31.10.2034
A- Outlook STA 27.09.2019 09.10.2019 31.10.2034

News

  • 12.12.2023
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 29.11.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 12.11.2021
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 01.10.2020
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 09.10.2019
    Creditreform Rating (CRA) has set the rating for the newly issued bearer bonds with the ISIN XS2055746890, issued by Dexter S.C.A. SICAV-RAIF to A-. The rating outlook is stable. The main reason behind the rating decision is the highly diversified portfolio of private equity, private infrastructure and private real estate investments. The portfolio will be globally invested by an well-experienced asset manager. The commited capital has been deployed by 60%, further drawdowns and investments will be made within the ramp-up phase. The bearer bonds will benefit from an inital overcollateralization due to subordinated profit participation notes and equity. A minimum ratio of subordinated instruments (30%) is required as long as bearer bonds are outstanding. CRA has modeld the performance of the portfolio as well as the liabilities of the issuer taking into account stressed rating scenarios. The results of the quantitative analysis display a moderate resilliance auf the rating agianst stressed rating scenarios, especially in scenarios with combined stressed parameters.