RWE presses ahead with package of measures

Focus remains on reinforcing financial strength despite rating decision / Capital measures already completed

(PresseBox) ( Essen, )
RWE continues to implement the package of measures announced in August 2011. The objective of the package of measures is to reinforce the financial strength of the RWE Group. The capital measures that are part of the package have already been completed. The disposal programme is also underway. Group capital expenditure will be reduced considerably over the next few years: Capital investment in property, plant and equipment is to amount to €5 billion at the maximum in 2013, and to amount around €4 to 5 billion in the following years. In addition, RWE has launched a total of €1 billion in new efficiency improvements, to be implemented by 2014.

"Consistent implementation of the package of measures strengthens our financial power. As a result RWE is in a good position to access the bond market at attractive conditions at all times", said Dr. Rolf Pohlig, CFO of RWE AG. "We assume that this will continue to be the case after the decision made by Standard & Poor's today." The agency has downgraded RWE's rating by one grade from A- to BBB+; the outlook has been raised from negative to stable. RWE is rated by Moody's with A3 (negative outlook), by Fitch with A- (stable outlook).
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.