Finance 15 Jan 2024

S&P Global Ratings assigns investment grade rating (BBB/Stable) to SIXT

  • Initial credit rating for Sixt SE: Long-term BBB issuer rating with stable outlook
  • S&P Global Ratings highlights profitable revenue growth based on a solid balance sheet

Pullach, 15 January 2024 – The global mobility provider SIXT has received a solid investment grade rating by the international rating agency S&P Global Ratings. The long-term issuer rating of BBB with a stable outlook marks the first credit rating by one of the major credit rating agencies in the company’s more than hundred-year history. S&P explicitly honours the profitable revenue growth, the premium positioning and strategy of fleet acquisition based on a solid balance sheet and moderate debt levels.

 

Prof. Kai Andrejewski, CFO: “With the assigned investment grade rating SIXT is among the best rated international car rental companies worldwide. This is a clear confirmation of our track record in delivering strong financial results and proven resilience in difficult times such as the Corona-Crisis. The financing security that comes with the rating will strongly support our growth plans.”

 

Dr. Franz Weinberger, Head of Corporate Finance: “The rating underlines the investment quality of our company. SIXT has always been an attractive issuer but is now even better positioned to access the capital markets and to further optimize its capital structure and financing costs.”

About SIXT
Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2022, the Sixt Group achieved a record consolidated pre-tax earnings of EUR 550 million and a significant increase in consolidated revenues to EUR 3.07 billion.   Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).  

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