• Item 1.
  • Item 2.
  • Item 3.
  • Item 4.

Unternehmenszentrale Vonovia
Press Release

  • “BBB+” Rating Confirmed, Outlook Raised from “Stable” to “Positive”
  • Improved Assessment Reflects Extremely Stable Capital Allocation and Further Reduction of Risk Through Takeover of Deutsche Wohnen
  • Future Upgrades and Portfolio Adjustments Could Lead to Further Rating Improvements 

Bochum, Germany, December 21, 2021 – S&P Global Ratings (S&P) has confirmed its “BBB+” rating of Vonovia and raised the outlook from “stable” to “positive.” As a result of its successfully placed capital in-crease in the amount of € 8 billion, Vonovia succeeded in significantly reducing its debt towards the target corridor of 40 to 45 percent just a few weeks after completion of the Deutsche Wohnen takeover. The rating report states that additional reductions in the level of debt are expected as a result of further increases in sales or the value of the property portfolio. This opens up potential for a further improvement in the rating.

“We are delighted with S&P’s decision,” says CFO Helene von Roeder. “It shows once again that we are pursuing the right financing strategy and implementing it consistently.” 

Preparations for the integration of Deutsche Wohnen have begun. Be-ginning in early 2022, Deutsche Wohnen’s procedures and organization will be gradually converted to the Vonovia platform, with due regard to the interests of all stakeholders. This process is expected to be finished by early 2023.

Dr. Marcel Kleifeld