Moody“s raises outlook for Gerresheimer

Moody“s rating agency has changed the outlook for the rating of Gerresheimer from stable to positive and has affirmed the Ba2 rating.
Moody“s gave as a reason for the positive change the company“…

Moody“s rating agency has changed the outlook for the rating of Gerresheimer from stable to positive and has affirmed the Ba2 rating. Moody“s gave as a reason for the positive change the company“s good operating performance. At the same time Moody“s referred to the strength and stability of the group“s business model. Gerresheimer is an internationally leading manufacturer of high-quality speciality products made of glass and plastic for the global pharma & healthcare industry. The Group“s wide product spectrum ranges from pharmaceutical vials to complex drug delivery systems, such as syringe systems, insulin pens and inhalers, for safe dosage and application. Group companies in Europe, North and South America and Asia achieve sales of about EUR 1 billion and employ around 9,400 people.